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

Sylogist Ltd. (TSE:SYZ) hit a new 52-week low during trading on Friday . The stock traded as low as C$3.03 and last traded at C$3.13, with a volume of 13218 shares. The stock had previously closed at C$3.23.

Wall Street Analyst Weigh In

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

Sylogist Stock Down 4.0%

The company has a market capitalization of C$72.21 million, a price-to-earnings ratio of -8.61 and a beta of 0.25. The company has a debt-to-equity ratio of 77.16, a current ratio of 0.75 and a quick ratio of 0.51. The firm’s fifty day moving average price is C$3.44 and its 200-day moving average price is C$3.60.

Insider Activity

In other Sylogist news, Director Andrew Anthony Shen acquired 689,175 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of C$3.70 per share, for a total transaction of C$2,549,947.50. Following the acquisition, the director directly owned 916,875 shares in the company, valued at C$3,392,437.50. This represents a 302.67% increase in their ownership of the stock. Insiders purchased a total of 692,775 shares of company stock valued at $2,563,128 over the last three months. Corporate insiders own 3.34% of the company’s stock.

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.