ATB Cormark Capital Markets Issues Pessimistic Forecast for Sylogist (TSE:SYZ) Stock Price

Sylogist (TSE:SYZ) had its price objective cut by stock analysts at ATB Cormark Capital Markets from C$5.50 to C$4.75 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 42.22% from the stock’s previous close.

Sylogist Price Performance

SYZ stock traded down C$0.06 during mid-day trading on Thursday, hitting C$3.34. The company had a trading volume of 9,129 shares, compared to its average volume of 80,024. The company has a quick ratio of 0.51, a current ratio of 0.76 and a debt-to-equity ratio of 70.73. The company has a market capitalization of C$77.81 million, a price-to-earnings ratio of -10.44 and a beta of 0.25. Sylogist has a 12-month low of C$3.03 and a 12-month high of C$9.16. The company has a 50-day moving average price of C$3.57 and a 200 day moving average price of C$3.70.

Sylogist (TSE:SYZ) last posted its earnings results on Tuesday, May 12th. The company reported C($0.16) earnings per share for the quarter. Sylogist had a negative return on equity of 24.29% and a negative net margin of 12.41%.The business had revenue of C$14.74 million during the quarter. On average, research analysts anticipate that Sylogist will post 0.2447905 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Andrew Anthony Shen purchased 689,175 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average cost of C$3.70 per share, with a total value of C$2,549,947.50. Following the completion of the transaction, the director owned 916,875 shares in the company, valued at C$3,392,437.50. This represents a 302.67% increase in their position. Insiders bought a total of 692,775 shares of company stock worth $2,563,128 over the last 90 days. 3.34% of the stock is owned by company insiders.

Sylogist Company Profile

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.