Sylogist (TSE:SYZ) Hits New 52-Week Low – Here’s What Happened

Sylogist Ltd. (TSE:SYZ) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$2.69 and last traded at C$2.78, with a volume of 19402 shares. The stock had previously closed at C$2.86.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets reduced their price target on shares of Sylogist from C$5.50 to C$4.75 and set a “speculative buy” rating for the company in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sylogist has an average rating of “Hold” and an average price target of C$4.75.

Sylogist Trading Down 2.8%

The firm has a market capitalization of C$64.76 million, a P/E ratio of -7.72 and a beta of 0.35. The firm has a 50 day simple moving average of C$3.14 and a two-hundred day simple moving average of C$3.46. The company has a debt-to-equity ratio of 77.16, a quick ratio of 0.51 and a current ratio of 0.75.

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.