Sylogist (TSE:SYZ) Shares Up 1.1% – Time to Buy?

Sylogist Ltd. (TSE:SYZ) shares rose 1.1% on Monday . The stock traded as high as C$3.82 and last traded at C$3.79. Approximately 8,491 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 177,607 shares. The stock had previously closed at C$3.75.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut shares of Sylogist from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$9.00 to C$4.75 in a research note on Thursday, February 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sylogist has a consensus rating of “Hold” and an average price target of C$4.75.

Sylogist Stock Performance

The company has a debt-to-equity ratio of 58.59, a current ratio of 0.83 and a quick ratio of 0.51. The stock has a market capitalization of C$88.65 million, a PE ratio of -29.61 and a beta of 0.20. The firm has a fifty day moving average price of C$4.66 and a two-hundred day moving average price of C$5.72.

Sylogist Company Profile

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.