Sylogist (TSE:SYZ) Shares Down 1.4% – What’s Next?

Sylogist Ltd. (TSE:SYZ)’s share price fell 1.4% on Tuesday . The stock traded as low as C$3.42 and last traded at C$3.44. 8,329 shares traded hands during trading, a decline of 90% from the average daily volume of 80,970 shares. The stock had previously closed at C$3.49.

Wall Street Analyst Weigh In

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 for the company in a report on Thursday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$4.75.

Sylogist Stock Performance

The firm has a fifty day moving average price of C$3.57 and a 200 day moving average price of C$3.70. The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 70.73. The firm has a market cap of C$77.81 million, a PE ratio of -10.44 and a beta of 0.25.

Sylogist (TSE:SYZ) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.16) earnings per share (EPS) for the quarter. Sylogist had a negative net margin of 12.41% and a negative return on equity of 24.29%. The firm had revenue of C$14.74 million during the quarter. As a group, equities research analysts expect that Sylogist Ltd. will post 0.2447905 earnings per share for the current fiscal year.

Insider Activity at Sylogist

In other news, Director Andrew Anthony Shen purchased 689,175 shares of Sylogist stock in a transaction dated Thursday, June 18th. The shares were purchased at an average price of C$3.70 per share, with a total value of C$2,549,947.50. Following the transaction, the director owned 916,875 shares in the company, valued at C$3,392,437.50. This represents a 302.67% increase in their ownership of the stock. Over the last 90 days, insiders have purchased 692,775 shares of company stock worth $2,563,128. 3.34% of the stock is currently owned by 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.