Sylogist (TSE:SYZ) Cut to “Hold” at Stifel Nicolaus

Stifel Nicolaus lowered shares of Sylogist (TSE:SYZ) from a buy rating to a hold rating in a research report released on Thursday morning, Marketbeat Ratings reports. Stifel Nicolaus currently has C$4.75 price objective on the stock, down from their prior price objective of C$9.00.

Sylogist Stock Performance

TSE SYZ opened at C$4.01 on Thursday. The company has a debt-to-equity ratio of 47.19, a quick ratio of 0.51 and a current ratio of 0.54. The company has a market cap of C$93.79 million, a P/E ratio of -31.33 and a beta of 0.12. The business’s 50 day moving average price is C$5.21 and its 200-day moving average price is C$6.29. Sylogist has a fifty-two week low of C$3.03 and a fifty-two week high of C$10.16.

Sylogist (TSE:SYZ) last posted its quarterly earnings results on Thursday, November 6th. The company reported C($0.04) EPS for the quarter. Sylogist had a net margin of 3.25% and a return on equity of 2.80%. The business had revenue of C$15.87 million during the quarter. Sell-side analysts predict that Sylogist will post 0.2447905 earnings per share for the current year.

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.