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

Sylogist Ltd. (TSE:SYZ)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as C$2.05 and last traded at C$2.62, with a volume of 7,034 shares. The stock had previously closed at C$2.69.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets cut their target price on 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$4.75.

Sylogist Stock Down 2.6%

The company has a 50-day moving average of C$2.74 and a two-hundred day moving average of C$3.42. The company has a market capitalization of C$61.03 million, a PE ratio of -7.28 and a beta of 0.61. The company has a debt-to-equity ratio of 77.16, a current ratio of 0.75 and a quick ratio of 0.51.

Sylogist (TSE:SYZ) last announced its quarterly earnings data on Thursday, November 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. The firm had revenue of C$14.95 million during the quarter. Sylogist had a negative return on equity of 38.65% and a negative net margin of 17.81%. Sell-side analysts anticipate that Sylogist Ltd. will post 0.24 earnings per share for the current fiscal 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.