Sylogist (TSE:SYZ) Hits New 1-Year Low – What’s Next?

Sylogist Ltd. (TSE:SYZ)’s stock price hit a new 52-week low during trading on Monday. The stock traded as low as C$2.40 and last traded at C$2.51, with a volume of 15417 shares changing hands. The stock had previously closed at C$2.53.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets dropped their price objective on 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 research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Sylogist has an average rating of “Hold” and a consensus price target of C$4.75.

Sylogist Stock Down 0.8%

The stock has a 50-day moving average price of C$3.08 and a 200-day moving average price of C$3.43. The company has a debt-to-equity ratio of 77.16, a current ratio of 0.75 and a quick ratio of 0.51. The company has a market capitalization of C$58.47 million, a P/E ratio of -6.97 and a beta of 0.35.

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.