Sylogist (TSE:SYZ) Director Andrew Anthony Shen Buys 689,175 Shares of Stock

Sylogist Ltd. (TSE:SYZ) Director Andrew Anthony Shen purchased 689,175 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was bought at an average price of C$3.70 per share, with a total value of C$2,549,947.50. Following the completion of the purchase, the director owned 916,875 shares of the company’s stock, valued at approximately C$3,392,437.50. This represents a 302.67% increase in their ownership of the stock.

Andrew Anthony Shen also recently made the following trade(s):

• On Wednesday, June 17th, Andrew Anthony Shen purchased 100 shares of Sylogist stock. The shares were bought at an average cost of C$3.70 per share, for a total transaction of C$370.00.
• On Monday, June 15th, Andrew Anthony Shen acquired 3,500 shares of Sylogist stock. The stock was bought at an average cost of C$3.66 per share, with a total value of C$12,810.00.

Sylogist Trading Down 1.1%

Sylogist stock opened at C$3.69 on Friday. The stock has a market capitalization of C$85.96 million, a P/E ratio of -11.53 and a beta of 0.39. The company has a debt-to-equity ratio of 70.73, a quick ratio of 0.51 and a current ratio of 0.76. Sylogist Ltd. has a 52 week low of C$3.03 and a 52 week high of C$9.89. The stock has a 50-day simple moving average of C$3.65 and a 200 day simple moving average of C$4.28.

Sylogist (TSE:SYZ) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.16) EPS for the quarter. The firm had revenue of C$14.74 million for the quarter. Sylogist had a negative net margin of 12.41% and a negative return on equity of 24.29%. Analysts expect that Sylogist Ltd. will post 0.2447905 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Ventum Financial cut shares of Sylogist from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$7.00 to C$4.75 in a research note on Friday, March 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.