Sylogist (TSE:SYZ) Reaches New 12-Month Low – What’s Next?

Sylogist Ltd. (TSE:SYZ – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$2.34 and last traded at C$2.34, with a volume of 486 shares traded. The stock had previously closed at C$2.36.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets reduced 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$4.75.

Read Our Latest Stock Analysis on SYZ

Sylogist Stock Down 2.1%

The stock has a market cap of C$54.04 million, a PE ratio of -6.44 and a beta of 0.53. The business has a 50 day moving average price of C$2.93 and a 200 day moving average price of C$3.35. 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

(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.

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