Sylogist (TSE:SYZ) Hits New 52-Week Low – Time to Sell?

Shares of Sylogist Ltd. (TSE:SYZ) reached a new 52-week low on Tuesday . The stock traded as low as C$3.03 and last traded at C$3.04, with a volume of 24556 shares trading hands. The stock had previously closed at C$3.19.

Analysts Set New Price Targets

SYZ has been the subject of a number of recent research reports. Ventum Financial downgraded shares of Sylogist from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$7.00 to C$4.75 in a report on Friday, March 20th. Stifel Nicolaus downgraded shares of Sylogist from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$9.00 to C$4.75 in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Sylogist presently has a consensus rating of “Hold” and an average price target of C$4.75.

Sylogist Trading Down 4.7%

The company has a debt-to-equity ratio of 61.28, a quick ratio of 0.51 and a current ratio of 0.82. The company’s fifty day moving average is C$3.83 and its two-hundred day moving average is C$5.14. The company has a market cap of C$71.11 million, a price-to-earnings ratio of -15.20 and a beta of 0.41.

Sylogist Company Profile

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.