Sylogist (TSE:SYZ) Stock Price Down 2.3% - Should You Sell?

Key Points

• Shares fell 2.3% to C$3.75 on Wednesday, trading below the 200‑day moving average (C$4.76) and on sharply reduced volume versus its average.
• Two brokerages recently cut Sylogist from Buy to HoldHold rating with a C$4.75 consensus price target.
• Financials show weakness: a C($0.04) loss last quarter, negative net margin and ROE, low liquidity (current ratio 0.82, quick ratio 0.51) and a high debt‑to‑equity ratio (61.28).

Shares of Sylogist Ltd. (TSE:SYZ - Get Free Report) were down 2.3% during trading on Wednesday . The stock traded as low as C$3.75 and last traded at C$3.75. Approximately 4,404 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 122,027 shares. The stock had previously closed at C$3.84.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SYZ. Stifel Nicolaus cut shares of Sylogist from a "buy" rating to a "hold" rating and reduced their price target for the company from C$9.00 to C$4.75 in a research report on Thursday, February 12th. Ventum Financial cut shares of Sylogist from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$7.00 to C$4.75 in a research note on Friday, March 20th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Sylogist has a consensus rating of "Hold" and a consensus price target of C$4.75.

Sylogist Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 61.28. The company has a 50 day moving average of C$3.69 and a 200-day moving average of C$4.76. The stock has a market capitalization of C$87.36 million, a P/E ratio of -18.75 and a beta of 0.33.

Sylogist (TSE:SYZ - Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported C($0.04) earnings per share for the quarter. Sylogist had a negative net margin of 7.48% and a negative return on equity of 13.97%. The business had revenue of C$14.38 million for the quarter. Sell-side analysts predict that Sylogist Ltd. will post 0.2447905 EPS 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.

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