Sylogist (TSE:SYZ) Sets New 52-Week Low - What's Next?

Sylogist Ltd. (TSE:SYZ) has seen its shares fall to a new 52-week low, marking a significant decline in its stock trading on Friday. The stock price dropped to as low as C$7.97 and was last recorded at C$8.33, with a trading volume of 20,152 shares. In comparison, the stock had previously closed at C$8.31.

Sylogist Price Performance

The company's stock performance can be analyzed through its moving averages, with a 50-day moving average at C$9.48 and a 200-day moving average at C$10.07. Sylogist has a market capitalization of C$197.67 million, a price-to-earnings ratio of 185.53, and a beta of 0.82. Additionally, the company has a current ratio of 0.54, a quick ratio of 0.51, and a debt-to-equity ratio standing at 47.19, indicating its financial structure and debt levels.

Sylogist Announces Dividend

In more recent news, Sylogist has declared a quarterly dividend that was issued on March 12th. Shareholders who were recorded on that date received a dividend of $0.01 per share. The ex-dividend date for this payment was February 28th. Annually, this dividend amounts to $0.04, resulting in a dividend yield of 0.48%. It is noteworthy that Sylogist's current dividend payout ratio is 88.77%, indicating a significant portion of earnings is returned to shareholders.

Sylogist Company Profile

Sylogist Ltd. is a software company that specializes in providing mission-critical software-as-a-service solutions across Canada, the United States, and the United Kingdom. Their offerings include the SylogistMission constituent relationship management system, which covers donor management, fundraising, volunteer management, and program delivery, as well as enterprise resource management tools that encompass accounting, financial management, grant and award management, budget tracking, payroll, human resources, and analytics and reporting.

Should You Invest in Sylogist Right Now?

As investors consider their options, it is worth noting that while Sylogist has received a Buy rating from some analysts, there are also indications that other stocks may present better investment opportunities. Specifically, top analysts suggest focusing on alternative stocks that they believe are more favorable at this time.

Sylogist, Stocks, Investment