Sylogist (TSE:SYZ) Hits New 12-Month Low – What’s Next?

Sylogist Ltd. (TSE:SYZ)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$3.03 and last traded at C$3.05, with a volume of 50233 shares trading hands. The stock had previously closed at C$3.24.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stifel Nicolaus lowered Sylogist from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$9.00 to C$4.75 in a report on Thursday, February 12th. Ventum Financial lowered Sylogist from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$7.00 to C$4.75 in a report on Friday, March 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$4.75.

Sylogist Stock Performance

The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 70.73. The firm has a fifty day moving average price of C$3.64 and a 200 day moving average price of C$4.64. The firm has a market cap of C$71.52 million, a PE ratio of -15.35 and a beta of 0.33.

Sylogist (TSE:SYZ) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.16) EPS for the quarter. Sylogist had a negative return on equity of 24.29% and a negative net margin of 12.41%.The company had revenue of C$14.74 million for the quarter. As a group, equities research analysts expect that Sylogist Ltd. will post 0.2447905 earnings per share for the current fiscal year.

Sylogist Company Profile

Sylogist provides mission-critical SaaS solutions to over 2,000 public sector customers across the government, nonprofit, and education market segments. The Company’s stock is traded on the Toronto Stock Exchange under the symbol SYZ. Information about Sylogist, inclusive of full financial statements together with Management’s Discussion and Analysis, can be found at sedarplus.ca or at sylogist.com.