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

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

Wall Street Analyst Weigh In

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

Sylogist Price Performance

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

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.