Sylogist (TSE:SYZ) Stock Jumps 2.2% – Time to Buy?

Sylogist Ltd. (TSE:SYZ)’s stock price rose 2.2% during trading on Tuesday. The stock traded as high as C$2.76 and last traded at C$2.76. 3,103 shares traded hands during trading, a decline of 95% from the average session volume of 66,539 shares. The stock had previously closed at C$2.70.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets cut their price objective on Sylogist from C$5.50 to C$4.75 and set a “speculative buy” rating on the stock in a report on Thursday, August 13th. One research 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, the company presently has an average rating of “Hold” and a consensus target price of C$4.75.

Sylogist Stock Performance

The stock has a market capitalization of C$65.46 million, a price-to-earnings ratio of -7.81 and a beta of 0.61. The company has a debt-to-equity ratio of 77.16, a current ratio of 0.75 and a quick ratio of 0.51. The business’s 50-day simple moving average is C$2.78 and its two-hundred day simple moving average is C$3.47.

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.