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

Sylogist Ltd. (TSE:SYZGet Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$3.03 and last traded at C$3.13, with a volume of 13218 shares trading hands. The stock had previously closed at C$3.23.

Wall Street Analysts Forecast Growth

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 note on Thursday, August 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$4.75.

View Our Latest Research Report on Sylogist

Sylogist Trading Down 3.1%

The company has a quick ratio of 0.51, a current ratio of 0.75 and a debt-to-equity ratio of 77.16. The firm’s 50 day simple moving average is C$3.46 and its two-hundred day simple moving average is C$3.60. The stock has a market capitalization of C$72.91 million, a P/E ratio of -8.69 and a beta of 0.25.

Insider Transactions at Sylogist

In other Sylogist news, Director Andrew Anthony Shen acquired 689,175 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were acquired at an average cost of C$3.70 per share, with a total value of C$2,549,947.50. Following the completion of the acquisition, the director directly owned 916,875 shares in the company, valued at C$3,392,437.50. This trade represents a 302.67% increase in their ownership of the stock. In the last quarter, insiders bought 692,775 shares of company stock valued at $2,563,128. Insiders own 3.34% of the company’s stock.

Sylogist Company Profile

(Get Free Report)

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.

Further Reading

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