Sylogist (TSE:SYZ) Stock Price Down 0.6% – Time to Sell?

Sylogist Ltd. (TSE:SYZ) was down 0.6% during mid-day trading on Monday . The company traded as low as C$3.35 and last traded at C$3.39. Approximately 29,876 shares traded hands during trading, a decline of 66% from the average daily volume of 88,382 shares. The stock had previously closed at C$3.41.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets cut their price target on Sylogist from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$5.00.

Sylogist Stock Performance

The firm has a 50-day moving average of C$3.59 and a two-hundred day moving average of C$3.98. The company has a quick ratio of 0.51, a current ratio of 0.76 and a debt-to-equity ratio of 70.73. The company has a market capitalization of C$78.97 million, a PE ratio of -10.59 and a beta of 0.26.

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

Insider Activity

In other news, Director Andrew Anthony Shen bought 689,175 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of C$3.70 per share, for a total transaction of C$2,549,947.50. Following the purchase, the director directly owned 916,875 shares in the company, valued at approximately C$3,392,437.50. This trade represents a 302.67% increase in their position. In the last ninety days, insiders have acquired 692,775 shares of company stock valued at $2,563,128. Insiders own 3.34% of the company’s stock.

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.