Sylogist (TSE:SYZ) Hits New 52-Week Low – Time to Sell?

Sylogist Ltd. (TSE:SYZ) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$3.03 and last traded at C$3.04, with a volume of 24556 shares trading hands. The stock had previously closed at C$3.19.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Ventum Financial lowered shares of Sylogist from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$7.00 to C$4.75 in a research note 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 stock from C$9.00 to C$4.75 in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$4.75.

Sylogist Stock Performance

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 firm has a fifty day moving average price of C$3.83 and a 200 day moving average price of C$5.14. The firm has a market cap of C$71.11 million, a PE ratio of -15.20 and a beta of 0.41.

About Sylogist

Sylogist is a public sector SaaS company that provides comprehensive ERP, CRM, fundraising, education administration, and payments solutions that allow its customers to carry out their missions.It serves over 2,000 customers globally, including all levels of government, nonprofit and non-governmental organizations, educational institutions, and public compliance-driven and funded companies. Sylogist has industry-leading profitability, an exceptionally strong balance sheet, a track record of successful acquisitions, and a portfolio of mission-critical SaaS solutions.