Sylogist (TSE:SYZ) Stock Price Down 1.4% – What’s Next?

Sylogist Ltd. (TSE:SYZ) shares fell 1.4% during trading on Tuesday . The company traded as low as C$3.42 and last traded at C$3.44. 8,329 shares traded hands during trading, a decline of 90% from the average session volume of 80,970 shares. The stock had previously closed at C$3.49.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets lowered their price objective on Sylogist from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$5.00.

Sylogist Stock Down 1.4%

The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 70.73. The stock’s 50-day moving average is C$3.58 and its 200-day moving average is C$3.72. The company has a market cap of C$80.13 million, a price-to-earnings ratio of -10.75 and a beta of 0.25.

Sylogist (TSE:SYZ) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.16) EPS for the quarter. Sylogist had a negative return on equity of 24.29% and a negative net margin of 12.41%.The company had revenue of C$14.74 million during the quarter. On average, analysts anticipate that Sylogist Ltd. will post 0.2447905 earnings per share for the current fiscal year.

Insider Buying and Selling at Sylogist

In related news, Director Andrew Anthony Shen acquired 689,175 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were bought at an average price of C$3.70 per share, with a total value of C$2,549,947.50. Following the transaction, the director directly owned 916,875 shares of the company’s stock, valued at C$3,392,437.50. This trade represents a 302.67% increase in their ownership of the stock. Insiders have bought a total of 692,775 shares of company stock worth $2,563,128 in the last quarter. 3.34% of the stock is currently owned by corporate insiders.

Sylogist Company Profile

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.