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

Sylogist Ltd. (TSE:SYZ) reached a new 52-week low during mid-day 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. The stock had previously closed at C$2.53.

Analyst Ratings Changes

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

Sylogist Stock Down 0.8%

The stock’s 50 day moving average is C$3.08 and its 200 day moving average is C$3.43. The company has a market capitalization of C$58.47 million, a PE ratio of -6.97 and a beta of 0.35. The company has a debt-to-equity ratio of 77.16, a quick ratio of 0.51 and a current ratio of 0.75.

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.