Sylogist (CVE:SYZ) Sets New 1-Year Low at $9.98

Sylogist Ltd (CVE:SYZ) hit a new 52-week low during trading on Thursday . The company traded as low as C$9.98 and last traded at C$9.98, with a volume of 10847 shares changing hands. The stock had previously closed at C$10.44.

Separately, Cormark lowered Sylogist from a “top pick” rating to a “buy” rating and decreased their price objective for the company from C$17.00 to C$15.00 in a report on Wednesday, August 14th.

The business has a fifty day simple moving average of C$10.76 and a 200 day simple moving average of C$11.27. The stock has a market capitalization of $251.08 million and a price-to-earnings ratio of 18.40.

Sylogist (CVE:SYZ) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.12 EPS for the quarter. The firm had revenue of C$9.80 million during the quarter, compared to analyst estimates of C$10.00 million. On average, sell-side analysts anticipate that Sylogist Ltd will post 0.37 earnings per share for the current year.

About Sylogist (CVE:SYZ)

Sylogist Ltd. provides enterprise resource planning (ERP) solutions to local governments, non-profit and non-governmental organizations, and K-12 education markets in Canada, the United States, the United Kingdom, and internationally. It offers Serenic Navigator solutions comprises accounting and financial management, award and budget management, payroll and human resources, analytics and decision support, reporting, deposits and loans, and field connect products.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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