Sylogist (TSE:SYZ) Stock Rating Lowered by Stifel Nicolaus

Sylogist (TSE:SYZ) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$4.75 price target on the stock, down from their prior price target of C$9.00. Stifel Nicolaus’ target price would suggest a potential upside of 18.45% from the company’s current price.

Sylogist Price Performance

SYZ stock opened at C$4.01 on Thursday. 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 market capitalization of C$93.79 million, a P/E ratio of -31.33 and a beta of 0.12. The business has a 50 day simple moving average of C$5.21 and a 200-day simple moving average of C$6.31. Sylogist has a twelve month low of C$3.03 and a twelve month high of C$10.16.

Sylogist (TSE:SYZ) last announced 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. As a group, equities analysts anticipate that Sylogist will post 0.2447905 EPS 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.