Sylogist (TSE:SYZ) Reaches New 52-Week High at $9.40

Sylogist Ltd. (TSE:SYZ - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as C$9.40 and last traded at C$9.29, with a volume of 143353 shares traded. The stock had previously closed at C$9.26.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Paradigm Capital set a C$12.00 target price on shares of Sylogist and gave the stock a "buy" rating in a research report on Wednesday, February 14th. Cormark lifted their target price on shares of Sylogist from C$10.50 to C$11.00 in a research report on Friday, March 15th. Finally, Stifel Nicolaus set a C$14.00 price objective on shares of Sylogist and gave the company a "buy" rating in a research report on Thursday, February 1st.

Sylogist Price Performance

The stock's 50-day moving average is C$8.63 and its 200 day moving average is C$7.72. The stock has a market capitalization of C$215.92 million, a PE ratio of 184.00 and a beta of 0.84. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 47.19.

Sylogist Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 29th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Wednesday, February 28th. Sylogist's payout ratio is presently 80.00%.

About Sylogist

Sylogist Ltd., a software company, provides software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company manages IT services, business applications, and Web portals. The company was incorporated in 1993 and is headquartered in Calgary, Canada.