Sylogist (TSE:SYZ) Sets New 12-Month Low – Here’s What Happened

Sylogist Ltd. (TSE:SYZ)’s stock price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$2.05 and last traded at C$2.62, with a volume of 7,034 shares trading hands. The stock had previously closed at C$2.69.

Analyst Upgrades and Downgrades

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

Sylogist Stock Performance

The firm has a market capitalization of C$61.03 million, a price-to-earnings ratio of -7.28 and a beta of 0.61. 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 business has a 50-day moving average price of C$2.74 and a 200-day moving average price of C$3.42.

Sylogist (TSE:SYZ) last announced its quarterly earnings data on Thursday, November 12th. The company reported C($0.08) earnings per share for the quarter. Sylogist had a negative net margin of 17.81% and a negative return on equity of 38.65%. The company had revenue of C$14.95 million for the quarter. As a group, sell-side analysts forecast that Sylogist Ltd. will post 0.24 earnings per share for the current year.

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.