Sylogist (TSE:SYZ) Sets New 12-Month Low – Should You Sell?

Sylogist Ltd. (TSE:SYZ – Get Free Report)’s stock price hit a new 52-week low on Thursday . The company traded as low as C$2.82 and last traded at C$2.96, with a volume of 19549 shares traded. The stock had previously closed at C$2.92.

Wall Street Analysts Forecast Growth

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

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Sylogist Stock Up 2.1%

The company has a current ratio of 0.75, a quick ratio of 0.51 and a debt-to-equity ratio of 77.16. The business’s 50-day simple moving average is C$3.40 and its 200-day simple moving average is C$3.58. The company has a market capitalization of C$69.42 million, a PE ratio of -8.28 and a beta of 0.25.

Insider Buying and Selling

In other Sylogist news, Director Andrew Anthony Shen bought 689,175 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was bought at an average price of C$3.70 per share, for a total transaction of C$2,549,947.50. Following the transaction, the director owned 916,875 shares of the company’s stock, valued at approximately C$3,392,437.50. The trade was a 302.67% increase in their position. Over the last quarter, insiders purchased 692,775 shares of company stock valued at $2,563,128. Insiders own 3.34% of the company’s stock.

About Sylogist

(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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