Andrew Anthony Shen Acquires 3,500 Shares of Sylogist (TSE:SYZ) Stock

Sylogist Ltd. (TSE:SYZ) Director Andrew Anthony Shen purchased 3,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was purchased at an average price of C$3.66 per share, for a total transaction of C$12,810.00. Following the acquisition, the director owned 227,600 shares of the company’s stock, valued at approximately C$833,016. This represents a 1.56% increase in their position.

Sylogist Price Performance

Shares of TSE:SYZ opened at C$3.73 on Thursday. The business’s 50 day simple moving average is C$3.64 and its two-hundred day simple moving average is C$4.29. The firm has a market cap of C$86.89 million, a P/E ratio of -11.66 and a beta of 0.39. The company has a debt-to-equity ratio of 70.73, a quick ratio of 0.51 and a current ratio of 0.76. Sylogist Ltd. has a 52-week low of C$3.03 and a 52-week high of C$9.89.

Sylogist (TSE:SYZ) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C($0.16) earnings per share (EPS) for the quarter. The firm had revenue of C$14.74 million during the quarter. Sylogist had a negative return on equity of 24.29% and a negative net margin of 12.41%. As a group, research analysts forecast that Sylogist Ltd. will post 0.2447905 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial lowered Sylogist from a “buy” rating to a “hold” rating and cut their price target for the stock from C$7.00 to C$4.75 in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$4.75.

About Sylogist

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.