Insider Buying: Sylogist (TSE:SYZ) Insider Purchases C$24,234.25 in Stock

Sylogist Ltd. (TSE:SYZ) insider Joel Leetzow bought 8,215 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was purchased at an average price of C$2.95 per share, with a total value of C$24,234.25. Following the transaction, the insider owned 8,215 shares in the company, valued at approximately C$24,234.25. This represents a ∞ increase in their position.

Sylogist Stock Performance

Shares of TSE SYZ remained flat at C$2.94 during trading on Tuesday. The stock had a trading volume of 11,632 shares, compared to its average volume of 75,040. The company has a current ratio of 0.75, a quick ratio of 0.51 and a debt-to-equity ratio of 77.16. The firm has a market capitalization of C$68.49 million, a PE ratio of -8.17 and a beta of 0.35. Sylogist Ltd. has a 1-year low of C$2.72 and a 1-year high of C$7.39. The stock has a 50 day simple moving average of C$3.20 and a 200 day simple moving average of C$3.49.

Wall Street Analysts Forecast Growth

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

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.