Sylogist (TSE:SYZ) Hits New 52-Week Low - Time to Sell?

Key Points

• Shares hit a new 52-week low, trading as low as C$3.03 (last C$3.04) on Tuesday with about 24,556 shares changing hands and down roughly 4.7%.
• Analysts have downgraded Sylogist from "buy" to "hold," leaving a consensus rating of Hold and an average price target of C$4.75 after cuts from prior targets of C$7.00 and C$9.00.
• Company fundamentals show weak liquidity and negative earnings (quick ratio 0.51, current ratio 0.82, debt/equity 61.28, P/E -15.20) and a market cap of about C$71.1 million.

Shares of Sylogist Ltd. (TSE:SYZ - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as C$3.03 and last traded at C$3.04, with a volume of 24556 shares trading hands. The stock had previously closed at C$3.19.

Analysts Set New Price Targets

SYZ has been the subject of a number of recent research reports. Ventum Financial downgraded shares of Sylogist from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$7.00 to C$4.75 in a report on Friday, March 20th. Stifel Nicolaus downgraded shares of Sylogist from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$9.00 to C$4.75 in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Sylogist presently has a consensus rating of "Hold" and an average price target of C$4.75.

Sylogist Trading Down 4.7%

The company has a debt-to-equity ratio of 61.28, a quick ratio of 0.51 and a current ratio of 0.82. The company's fifty day moving average is C$3.83 and its two-hundred day moving average is C$5.14. The company has a market cap of C$71.11 million, a price-to-earnings ratio of -15.20 and a beta of 0.41.

Sylogist Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.