Sylogist (TSE:SYZ) Shares Up 9.6% – Here’s Why

Sylogist Ltd. (TSE:SYZ) shares traded up 9.6% on Friday . The stock traded as high as C$4.05 and last traded at C$4.00. 350,619 shares changed hands during trading, an increase of 73% from the average session volume of 202,583 shares. The stock had previously closed at C$3.65.

Wall Street Analyst Weigh In

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

Sylogist Price Performance

The company has a market cap of C$93.79 million, a PE ratio of -31.33 and a beta of 0.12. The business has a 50 day moving average of C$5.21 and a 200 day moving average of C$6.29. The company has a debt-to-equity ratio of 47.19, a current ratio of 0.54 and a quick ratio of 0.51.

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