Sylogist (TSE:SYZ) Cut to Hold at Stifel Nicolaus

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

Sylogist Stock Down 11.7%

TSE:SYZ traded down C$0.47 on Thursday, reaching C$3.54. The stock had a trading volume of 143,764 shares, compared to its average volume of 207,506. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 47.19. The company has a 50-day moving average of C$5.28 and a 200 day moving average of C$6.37. Sylogist has a 12-month low of C$3.03 and a 12-month high of C$10.16. The stock has a market cap of C$82.80 million, a P/E ratio of -27.66 and a beta of 0.12.

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

About Sylogist

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.