Sylogist (TSE:SYZ) Stock Price Down 1.1% – What’s Next?

Sylogist Ltd. (TSE:SYZ) shares dropped 1.1% on Monday . The company traded as low as C$3.60 and last traded at C$3.69. Approximately 12,242 shares changed hands during trading, a decline of 88% from the average daily volume of 100,665 shares. The stock had previously closed at C$3.73.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Stifel Nicolaus downgraded shares of Sylogist from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$9.00 to C$4.75 in a report on Thursday, February 12th. Ventum Financial downgraded shares of Sylogist from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$7.00 to C$4.75 in a report on Friday, March 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$4.75.

Sylogist Price Performance

The stock has a market cap of C$85.73 million, a PE ratio of -11.50 and a beta of 0.39. The company has a debt-to-equity ratio of 70.73, a current ratio of 0.76 and a quick ratio of 0.51. The firm’s 50 day moving average price is C$3.59 and its two-hundred day moving average price is C$4.35.

Sylogist (TSE:SYZ) last posted its earnings results on Tuesday, May 12th. The company reported C($0.16) earnings per share for the quarter. The business 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%. On average, research analysts expect that Sylogist Ltd. will post 0.2447905 earnings per share for the current year.

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.