Sylogist (TSE:SYZ) Trading Up 1.1% – Should You Buy?

Shares of Sylogist Ltd. (TSE:SYZ) rose 1.1% on Monday . The stock traded as high as C$3.82 and last traded at C$3.79. Approximately 8,491 shares changed hands during trading, a decline of 95% from the average daily volume of 177,607 shares. The stock had previously closed at C$3.75.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut Sylogist from a “buy” rating to a “hold” rating and decreased their target price for the company from C$9.00 to C$4.75 in a research report on Thursday, February 12th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sylogist currently has an average rating of “Hold” and a consensus price target of C$4.75.

Sylogist Price Performance

The business’s 50-day simple moving average is C$4.57 and its two-hundred day simple moving average is C$5.67. The stock has a market cap of C$86.54 million, a price-to-earnings ratio of -28.91 and a beta of 0.20. The company has a debt-to-equity ratio of 58.59, a current ratio of 0.83 and a quick ratio of 0.51.

Sylogist Company Profile

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.