Insider Buying: Sylogist (TSE:SYZ) Director Acquires 3,500 Shares of Stock

Sylogist Ltd. (TSE:SYZ) Director Andrew Anthony Shen acquired 3,500 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was purchased at an average price of C$3.66 per share, with a total value of C$12,810.00. Following the acquisition, the director owned 227,600 shares of the company’s stock, valued at C$833,016. This represents a 1.56% increase in their position.

Sylogist Stock Down 0.8%

SYZ traded down C$0.03 during trading on Tuesday, reaching C$3.73. The stock had a trading volume of 2,137 shares, compared to its average volume of 95,663. The stock’s 50 day moving average is C$3.62 and its two-hundred day moving average is C$4.30. 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 company has a market capitalization of C$86.89 million, a price-to-earnings ratio of -11.66 and a beta of 0.39. Sylogist Ltd. has a one year low of C$3.03 and a one year high of C$9.89.

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

Wall Street Analyst Weigh In

Separately, Ventum Financial cut Sylogist from a “buy” rating to a “hold” rating and cut their target price for the stock from C$7.00 to C$4.75 in a research note on Friday, March 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$4.75.

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.