Sylogist (TSE:SYZ) Sets New 12-Month Low – Here’s What Happened

Sylogist Ltd. (TSE:SYZ) reached a new 52-week low on Thursday . The stock traded as low as C$2.82 and last traded at C$2.96, with a volume of 19549 shares. The stock had previously closed at C$2.92.

Analyst Ratings Changes

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

Sylogist Trading 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 company has a market cap of C$69.42 million, a price-to-earnings ratio of -8.28 and a beta of 0.25. The firm has a 50-day moving average price of C$3.40 and a 200 day moving average price of C$3.58.

Insider Transactions at Sylogist

In other news, Director Andrew Anthony Shen purchased 689,175 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were purchased 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. This trade represents a 302.67% increase in their ownership of the stock. Insiders bought a total of 692,775 shares of company stock valued at $2,563,128 in the last quarter. Insiders own 3.34% of the company’s stock.

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.