Sylogist (TSE:SYZ) Reaches New 52-Week Low – Should You Sell?

Sylogist Ltd. (TSE:SYZ – Get Free Report) hit a new 52-week low during trading on Tuesday. The stock traded as low as C$2.69 and last traded at C$2.78, with a volume of 19402 shares. The stock had previously closed at C$2.86.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets decreased their target price 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$4.75.

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Sylogist Stock Performance

The stock’s fifty day moving average price is C$3.14 and its two-hundred day moving average price is C$3.46. The company has a debt-to-equity ratio of 77.16, a quick ratio of 0.51 and a current ratio of 0.75. The company has a market cap of C$64.76 million, a P/E ratio of -7.72 and a beta of 0.35.

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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