Sylogist (TSE:SYZ) Shares Up 3.3% – Here’s What Happened

Sylogist Ltd. (TSE:SYZ)’s stock price shot up 3.3% on Wednesday . The company traded as high as C$11.10 and last traded at C$11.06. 328,046 shares were traded during mid-day trading, an increase of 369% from the average session volume of 70,004 shares. The stock had previously closed at C$10.71.

Sylogist Stock Up 3.3 %

The company’s 50 day simple moving average is C$9.40 and its 200-day simple moving average is C$10.40. The company has a current ratio of 0.45, a quick ratio of 0.51 and a debt-to-equity ratio of 53.47. The firm has a market cap of C$258.25 million, a P/E ratio of 1,106.00 and a beta of 0.82.

Sylogist (TSE:SYZ) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.08). Sylogist had a net margin of 0.34% and a return on equity of 0.61%. Research analysts forecast that Sylogist Ltd. will post 0.2447905 earnings per share for the current fiscal year.

Sylogist Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, November 29th. Sylogist’s payout ratio is currently 400.00%.

Insider Activity at Sylogist

In other Sylogist news, Director Craig Wood William bought 2,820 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of C$10.02 per share, for a total transaction of C$28,247.04. Over the last 90 days, insiders bought 8,540 shares of company stock worth $81,525. 3.34% of the stock is owned by insiders.

Sylogist Company Profile

Sylogist Ltd., a software company, provides mission-critical software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company offers SylogistMission constituent relationship management system, which includes donor management, fundraising, volunteer management, and program delivery; and enterprise resource management, such as accounting and financial management, grant and award management, budget management, payroll and human resources, analytics and reporting, and support and training.