Sylogist (TSE:SYZ) Downgraded by Stifel Nicolaus to “Hold”

Stifel Nicolaus lowered shares of Sylogist (TSE:SYZ) from a buy rating to a hold rating in a research note issued to investors on Thursday morning,BayStreet.CA reports. The firm currently has C$4.75 price objective on the stock, down from their previous price objective of C$9.00.

Sylogist Trading Down 9.0%

Sylogist stock opened at C$3.65 on Thursday. Sylogist has a 1 year low of C$3.03 and a 1 year high of C$10.16. The firm’s 50-day moving average is C$5.25 and its 200-day moving average is C$6.35. The company has a debt-to-equity ratio of 47.19, a quick ratio of 0.51 and a current ratio of 0.54. The company has a market cap of C$85.37 million, a P/E ratio of -28.52 and a beta of 0.12.

Sylogist (TSE:SYZ) last issued its quarterly earnings data on Thursday, November 6th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$15.87 million for the quarter. Sylogist had a return on equity of 2.80% and a net margin of 3.25%. On average, equities analysts expect that Sylogist will post 0.2447905 earnings per share for the current year.

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. Sylogist has industry-leading profitability, an exceptionally strong balance sheet, a track record of successful acquisitions, and a portfolio of mission-critical SaaS solutions.