Sylogist (TSE:SYZ) Shares Down 1.4% – Time to Sell?

Sylogist Ltd. (TSE:SYZ)’s stock price dropped 1.4% during trading on Tuesday . The stock traded as low as C$3.42 and last traded at C$3.44. 8,329 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 80,970 shares. The stock had previously closed at C$3.49.

Analyst Ratings Changes

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

Sylogist Stock Down 1.4%

The firm has a market capitalization of C$80.13 million, a price-to-earnings ratio of -10.75 and a beta of 0.25. The company has a debt-to-equity ratio of 70.73, a current ratio of 0.76 and a quick ratio of 0.51. The stock has a fifty day moving average of C$3.58 and a two-hundred day moving average of C$3.72.

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

Insiders Place Their Bets

In other news, Director Andrew Anthony Shen purchased 689,175 shares of the stock in a transaction on Thursday, June 18th. The stock was purchased at an average price of C$3.70 per share, for a total transaction of C$2,549,947.50. Following the acquisition, the director owned 916,875 shares in the company, valued at C$3,392,437.50. This trade represents a 302.67% increase in their ownership of the stock. Over the last three months, insiders have purchased 692,775 shares of company stock worth $2,563,128. Corporate insiders own 3.34% of the company’s stock.

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.