Paradigm Capital Has Lowered Expectations for Haivision Systems (TSE:HAI) Stock Price

Haivision Systems (TSE:HAI) had its price target cut by Paradigm Capital from C$5.75 to C$5.25 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Paradigm Capital’s price objective suggests a potential upside of 13.15% from the stock’s current price.

A number of other brokerages have also recently issued reports on HAI. Canaccord Genuity Group cut Haivision Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$7.00 to C$5.50 in a research note on Thursday, January 16th. Acumen Capital cut Haivision Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$7.00 to C$5.25 in a research note on Thursday, January 16th.

Haivision Systems Trading Up 2.2 %

Shares of Haivision Systems stock opened at C$4.64 on Monday. Haivision Systems has a 12-month low of C$3.85 and a 12-month high of C$7.00. The stock has a market cap of C$131.49 million, a P/E ratio of 28.76 and a beta of 0.58. The company has a quick ratio of 0.85, a current ratio of 1.70 and a debt-to-equity ratio of 10.61. The business’s 50 day moving average is C$4.89 and its 200-day moving average is C$5.11.

Insider Activity at Haivision Systems

In related news, Senior Officer Jean-Philippe Demers sold 8,000 shares of the stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$4.80, for a total value of C$38,400.00. 40.74% of the stock is owned by company insiders.

Haivision Systems Company Profile

Haivision Systems Inc provides mission-critical, real-time video networking, and visual collaboration solutions in Canada, the United States, and internationally. The company offers Makito Series video encoders and decoders for end-to-end transport of secure and high-quality HD video; video transmitters and mobile encoders for video contribution over bonded unmanaged IP networks; Command 360, a software platform for real-time visualization of business-critical information; Haivision Kraken, a video transcoder for mission-critical ISR, situational awareness, and field monitoring applications; Haivision Hub for Government, a video network service for live and low latency video streaming between government agencies and public cloud delivery services; and Haivision Media Platform that manages, shares, and delivers secure corporate communications, real-time video feeds, and broadcast IPTV.