Sylogist (TSE:SYZ) Stock Price Down 2.8% - Here's What Happened

Key Points

• Sylogist Ltd.'s stock price fell by 2.8%, closing at C$6.95 on Tuesday, following a significant drop in trading volume.
• The company has a market cap of C$162.56 million and a negative price-to-earnings ratio of -59.91, indicating ongoing financial challenges.
• Sylogist is a public sector SaaS company that offers various solutions including ERP and CRM to over 2,000 customers globally.

Shares of Sylogist Ltd. (TSE:SYZ - ) dropped 2.8% during trading on Tuesday . The stock traded as low as C$6.86 and last traded at C$6.95. Approximately 32,826 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 50,413 shares. The stock had previously closed at C$7.15.

Sylogist Stock Performance

The stock has a market cap of C$162.56 million, a price-to-earnings ratio of -59.91 and a beta of 0.47. The stock's 50 day moving average is C$8.18 and its two-hundred day moving average is C$8.51. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 47.19.

About Sylogist

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.

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