Andrew Anthony Shen Buys 689,175 Shares of Sylogist (TSE:SYZ) Stock

Sylogist Ltd. (TSE:SYZ) Director Andrew Anthony Shen bought 689,175 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were bought at an average price of C$3.70 per share, for a total transaction of C$2,549,947.50. Following the transaction, the director owned 916,875 shares of the company’s stock, valued at approximately C$3,392,437.50. This represents a 302.67% increase in their ownership of the stock.

Andrew Anthony Shen also recently made the following trade(s):

• On Wednesday, June 17th, Andrew Anthony Shen purchased 100 shares of Sylogist stock. The stock was bought at an average cost of C$3.70 per share, with a total value of C$370.00.
• On Monday, June 15th, Andrew Anthony Shen purchased 3,500 shares of Sylogist stock. The stock was bought at an average price of C$3.66 per share, with a total value of C$12,810.00.

Sylogist Price Performance

Shares of TSE SYZ opened at C$3.75 on Friday. The company has a debt-to-equity ratio of 70.73, a quick ratio of 0.51 and a current ratio of 0.76. Sylogist Ltd. has a fifty-two week low of C$3.03 and a fifty-two week high of C$9.89. The stock has a market cap of C$87.36 million, a PE ratio of -11.72 and a beta of 0.39. The stock has a fifty day moving average of C$3.66 and a 200-day moving average of C$4.27.

Sylogist (TSE:SYZ) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C($0.16) earnings per share (EPS) 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. Equities research analysts anticipate that Sylogist Ltd. will post 0.2447905 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Ventum Financial cut shares of Sylogist from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$7.00 to C$4.75 in a research note on Friday, March 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$4.75.

Sylogist Company Profile

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.