Sylogist (TSE:SYZ) Trading Up 4.2% – What’s Next?

Sylogist Ltd. (TSE:SYZ) traded up 4.2% during trading on Wednesday . The stock traded as high as C$3.70 and last traded at C$3.70. Approximately 3,986 shares were traded during trading, a decline of 97% from the average daily volume of 137,623 shares. The stock had previously closed at C$3.55.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SYZ. Ventum Financial cut shares of Sylogist from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$7.00 to C$4.75 in a research report on Friday, March 20th. Stifel Nicolaus lowered shares of Sylogist from a “buy” rating to a “hold” rating and decreased their target price for the company 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 has a consensus rating of “Hold” and an average price target of C$4.75.

Sylogist Stock Performance

The firm’s fifty day moving average is C$3.70 and its 200-day moving average is C$4.96. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 61.28. The stock has a market capitalization of C$91.22 million, a PE ratio of -19.50 and a beta of 0.41.

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.