Sylogist (TSE:SYZ) Reaches New 52-Week Low – Time to Sell?

Sylogist Ltd. (TSE:SYZ)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$2.82 and last traded at C$2.96, with a volume of 19549 shares changing hands. The stock had previously closed at C$2.92.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets cut their price target on Sylogist from C$5.50 to C$4.75 and set a “speculative buy” rating on the stock in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$4.75.

Sylogist Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.75 and a debt-to-equity ratio of 77.16. The firm has a market cap of C$68.72 million, a PE ratio of -8.19 and a beta of 0.35. The stock has a 50 day moving average price of C$3.37 and a two-hundred day moving average price of C$3.57.

Insider Transactions at Sylogist

In related news, Director Andrew Anthony Shen acquired 689,175 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average cost of C$3.70 per share, with a total value of C$2,549,947.50. Following the completion of the acquisition, the director directly owned 916,875 shares of the company’s stock, valued at C$3,392,437.50. This represents a 302.67% increase in their ownership of the stock. In the last quarter, insiders have purchased 692,775 shares of company stock worth $2,563,128. Corporate insiders own 3.34% of the company’s stock.

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.