Sylogist (TSE:SYZ) Sets New 1-Year Low – Time to Sell?

Sylogist Ltd. (TSE:SYZ) hit a new 52-week low on Tuesday. The company traded as low as C$2.34 and last traded at C$2.34, with a volume of 486 shares trading hands. The stock had previously closed at C$2.36.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets decreased their price objective on Sylogist from C$5.50 to C$4.75 and set a “speculative buy” rating for the company in a report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Sylogist presently has an average rating of “Hold” and an average price target of C$4.75.

Sylogist Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.51 and a debt-to-equity ratio of 77.16. The company has a market cap of C$54.04 million, a price-to-earnings ratio of -6.44 and a beta of 0.53. The company’s 50 day moving average price is C$2.97 and its 200 day moving average price is C$3.37.

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.