ATB Cormark Capital Markets Cuts Sylogist (TSE:SYZ) Price Target to C$4.75

Sylogist (TSE:SYZ) had its price target trimmed by ATB Cormark Capital Markets from C$5.50 to C$4.75 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a speculative buy rating on the stock.

Sylogist Stock Performance

TSE SYZ opened at C$3.30 on Thursday. The company’s fifty day moving average is C$3.55 and its two-hundred day moving average is C$3.69. Sylogist has a 52-week low of C$3.03 and a 52-week high of C$8.49. 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 has a market capitalization of C$76.87 million, a price-to-earnings ratio of -9.17 and a beta of 0.25.

Insider Activity

In related news, Director Andrew Anthony Shen purchased 689,175 shares of Sylogist stock in a transaction that occurred on Thursday, June 18th. The shares were acquired 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 directly owned 916,875 shares in the company, valued at approximately C$3,392,437.50. This represents a 302.67% increase in their ownership of the stock. Insiders bought 692,775 shares of company stock valued at $2,563,128 over the last three months. 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.