Sylogist (TSE:SYZ) Director Andrew Anthony Shen Purchases 689,175 Shares of Stock

Sylogist Ltd. (TSE:SYZ) Director Andrew Anthony Shen acquired 689,175 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average price of C$3.70 per share, with a total value of C$2,549,947.50. Following the completion of the transaction, the director owned 916,875 shares of the company’s stock, valued at approximately C$3,392,437.50. This trade represents a 302.67% increase in their ownership of the stock.

Andrew Anthony Shen also recently made the following trade(s):

• On Wednesday, June 17th, Andrew Anthony Shen bought 100 shares of Sylogist stock. The stock was acquired at an average cost of C$3.70 per share, for a total transaction of C$370.00.
• On Monday, June 15th, Andrew Anthony Shen purchased 3,500 shares of Sylogist stock. The shares were acquired at an average price of C$3.66 per share, with a total value of C$12,810.00.

Sylogist Trading Down 2.7%

Shares of SYZ traded down C$0.10 on Thursday, reaching C$3.63. 690,470 shares of the company’s stock were exchanged, compared to its average volume of 99,956. The business has a 50 day moving average price of C$3.64 and a two-hundred day moving average price of C$4.29. Sylogist Ltd. has a 12 month low of C$3.03 and a 12 month high of C$9.89. The stock has a market capitalization of C$84.56 million, a P/E ratio of -11.34 and a beta of 0.39. The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 70.73.

Sylogist (TSE:SYZ) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.16) earnings per share (EPS) for the quarter. Sylogist had a negative net margin of 12.41% and a negative return on equity of 24.29%. The business had revenue of C$14.74 million during the quarter. Research analysts anticipate that Sylogist Ltd. will post 0.2447905 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Ventum Financial downgraded Sylogist from a “buy” rating to a “hold” rating and cut their price target for the company from C$7.00 to C$4.75 in a research note on Friday, March 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Sylogist currently has an average rating of “Hold” and a consensus price target of C$4.75.

About Sylogist

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.