Sylogist (TSE:SYZ) Rating Lowered to Neutral at Ventum Financial

Sylogist (TSE:SYZ) was downgraded by stock analysts at Ventum Financial from a “buy” rating to a “neutral” rating in a report released on Friday,BayStreet.CA reports. They currently have a C$4.75 target price on the stock, down from their previous target price of C$7.00. Ventum Financial’s target price points to a potential upside of 23.38% from the stock’s previous close.

Separately, Stifel Nicolaus downgraded shares of Sylogist from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$9.00 to C$4.75 in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Sylogist presently has a consensus rating of “Hold” and a consensus price target of C$4.75.

Sylogist Trading Up 1.3%

Shares of SYZ traded up C$0.05 during mid-day trading on Friday, hitting C$3.85. The company had a trading volume of 8,423 shares, compared to its average volume of 153,962. The stock has a market cap of C$90.05 million, a PE ratio of -30.08 and a beta of 0.20. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 58.59. The business’s 50-day simple moving average is C$4.34 and its 200-day simple moving average is C$5.52. Sylogist has a 1-year low of C$3.03 and a 1-year high of C$9.99.

About Sylogist

Sylogist is a public sector SaaS company that provides comprehensive ERP, CRM, fundraising, education administration, and payments solutions that allow its customers to carry out their missions.It serves over 2,000 customers globally, including all levels of government, nonprofit and non-governmental organizations, educational institutions, and public compliance-driven and funded companies. Sylogist has industry-leading profitability, an exceptionally strong balance sheet, a track record of successful acquisitions, and a portfolio of mission-critical SaaS solutions.