Sylogist (TSE:SYZ) Sets New 52-Week Low – Here’s Why

Sylogist Ltd. (TSE:SYZ)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$3.03 and last traded at C$3.13, with a volume of 13218 shares trading hands. The stock had previously closed at C$3.23.

Analysts Set New Price Targets

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

Sylogist Trading Down 3.1%

The company has a debt-to-equity ratio of 77.16, a quick ratio of 0.51 and a current ratio of 0.75. The stock has a 50-day moving average price of C$3.46 and a 200-day moving average price of C$3.60. The stock has a market cap of C$72.91 million, a P/E ratio of -8.69 and a beta of 0.25.

Insider Transactions at Sylogist

In other Sylogist news, Director Andrew Anthony Shen purchased 689,175 shares of Sylogist stock in a transaction on Thursday, June 18th. The shares were acquired at an average cost of C$3.70 per share, for a total transaction of C$2,549,947.50. Following the completion of the transaction, the director directly owned 916,875 shares of the company’s stock, valued at approximately C$3,392,437.50. The trade was a 302.67% increase in their ownership of the stock. Insiders purchased a total of 692,775 shares of company stock valued at $2,563,128 over the last ninety days. 3.34% of the stock is owned by corporate insiders.

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.