Sylogist (TSE:SYZ) Sets New 52-Week Low – Here’s Why

Sylogist Ltd. (TSE:SYZ)’s stock price reached a new 52-week low on Thursday . The company traded as low as C$3.03 and last traded at C$3.05, with a volume of 50233 shares changing hands. The stock had previously closed at C$3.24.

Analyst Ratings Changes

A number of brokerages recently weighed in on SYZ. Stifel Nicolaus cut Sylogist from a “buy” rating to a “hold” rating and reduced their target price for the company from C$9.00 to C$4.75 in a report on Thursday, February 12th. Ventum Financial cut Sylogist from a “buy” rating to a “hold” rating and reduced their target price for the company from C$7.00 to C$4.75 in a research note on Friday, March 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$4.75.

Sylogist Stock Performance

The stock has a market cap of C$71.05 million, a price-to-earnings ratio of -15.25 and a beta of 0.33. The company’s 50 day simple moving average is C$3.67 and its 200 day simple moving average is C$4.68. The company has a debt-to-equity ratio of 61.28, a quick ratio of 0.51 and a current ratio of 0.82.

Sylogist (TSE:SYZ) last released its earnings results on Tuesday, May 12th. The company reported C($0.16) EPS for the quarter. Sylogist had a negative net margin of 7.48% and a negative return on equity of 13.97%. The business had revenue of C$14.74 million for the quarter. On average, equities research analysts anticipate that Sylogist Ltd. will post 0.2447905 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.