Key Points
- Insider purchase: Sylogist insider Joel Leetzow bought 8,215 shares at an average price of C$2.95, investing approximately C$24,234 and taking his ownership to 8,215 shares.
- Stock performance and financial metrics: Shares opened at C$2.90 and were down 1.4%; the company has a market capitalization of C$67.56 million, a negative P/E ratio of -8.06, and trades near its one-year low of C$2.72.
- Analyst outlook: ATB Cormark lowered its price target from C$5.50 to C$4.75 while maintaining a “speculative buy” rating. Overall, analysts have an average “Hold” rating and a C$4.75 target price.
Sylogist Ltd. (TSE:SYZ - Get Free Report) insider Joel Leetzow bought 8,215 shares of the business's stock in a transaction dated Friday, September 18th. The stock was bought at an average price of C$2.95 per share, for a total transaction of C$24,234.25. Following the purchase, the insider owned 8,215 shares in the company, valued at approximately C$24,234.25. This represents a ∞ increase in their position.
Sylogist Trading Down 1.4%
Sylogist stock opened at C$2.90 on Wednesday. The company has a debt-to-equity ratio of 77.16, a quick ratio of 0.51 and a current ratio of 0.75. The firm's 50-day moving average is C$3.19 and its 200-day moving average is C$3.48. Sylogist Ltd. has a 1 year low of C$2.72 and a 1 year high of C$7.39. The company has a market cap of C$67.56 million, a P/E ratio of -8.06 and a beta of 0.35.
Analyst Ratings Changes
Separately, ATB Cormark Capital Markets reduced their price objective on shares of Sylogist from C$5.50 to C$4.75 and set a "speculative buy" rating for the company in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$4.75.
Check Out Our Latest Stock Report on SYZ
Sylogist Company Profile
(
Get Free Report)
Sylogist provides mission-critical SaaS solutions to over 2,000 public sector customers across the government, nonprofit, and education market segments. The Company's stock is traded on the Toronto Stock Exchange under the symbol SYZ. Information about Sylogist, inclusive of full financial statements together with Management's Discussion and Analysis, can be found at sedarplus.ca or at sylogist.com.
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