Stifel Nicolaus Downgrades Sylogist (TSE:SYZ) to Hold

Sylogist (TSE:SYZ) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Thursday,BayStreet.CA reports. They currently have a C$4.75 price target on the stock, down from their prior price target of C$9.00. Stifel Nicolaus’ target price would suggest a potential upside of 34.18% from the company’s previous close.

Sylogist Price Performance

SYZ stock traded down C$0.47 during trading on Thursday, reaching C$3.54. 143,764 shares of the company were exchanged, compared to its average volume of 207,506. The company has a debt-to-equity ratio of 47.19, a current ratio of 0.54 and a quick ratio of 0.51. The company has a market capitalization of C$82.80 million, a price-to-earnings ratio of -27.66 and a beta of 0.12. Sylogist has a twelve month low of C$3.03 and a twelve month high of C$10.16. The company has a 50-day moving average of C$5.28 and a two-hundred day moving average of C$6.37.

Sylogist (TSE:SYZ) last posted its quarterly earnings data on Thursday, November 6th. The company reported C($0.04) earnings per share for the quarter. Sylogist had a net margin of 3.25% and a return on equity of 2.80%. The company had revenue of C$15.87 million during the quarter. As a group, equities analysts predict that Sylogist will post 0.2447905 earnings per share for the current fiscal year.

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.