Sylogist (TSE:SYZ) Shares Down 1.1% – Here’s Why

Sylogist Ltd. (TSE:SYZ) shares were down 1.1% on Monday . The stock traded as low as C$3.60 and last traded at C$3.69. Approximately 12,242 shares traded hands during trading, a decline of 88% from the average daily volume of 100,665 shares. The stock had previously closed at C$3.73.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SYZ shares. Stifel Nicolaus downgraded shares of Sylogist from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$9.00 to C$4.75 in a research report on Thursday, February 12th. Ventum Financial downgraded shares of Sylogist from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$7.00 to C$4.75 in a research report on Friday, March 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$4.75.

Sylogist Stock Performance

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 firm’s 50-day moving average is C$3.58 and its two-hundred day moving average is C$4.37. The stock has a market cap of C$85.96 million, a price-to-earnings ratio of -11.53 and a beta of 0.39.

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

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.