Sylogist (TSE:SYZ) Sets New 1-Year Low – Time to Sell?

Sylogist Ltd. (TSE:SYZ)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$2.69 and last traded at C$2.78, with a volume of 19402 shares changing hands. The stock had previously closed at C$2.86.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets decreased their price target on Sylogist from C$5.50 to C$4.75 and set a “speculative buy” rating on the stock in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$4.75.

Sylogist Price Performance

The stock has a fifty day moving average of C$3.11 and a 200-day moving average of C$3.44. The firm has a market capitalization of C$60.33 million, a P/E ratio of -7.19 and a beta of 0.35. The company has a quick ratio of 0.51, a current ratio of 0.75 and a debt-to-equity ratio of 77.16.

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.