Sangoma Technologies (TSE:STC) Trading Down 0.5% – What’s Next?

Sangoma Technologies Co. (TSE:STC) traded down 0.5% during mid-day trading on Monday . The company traded as low as C$6.55 and last traded at C$6.62. 34,726 shares changed hands during mid-day trading, an increase of 144% from the average session volume of 14,213 shares. The stock had previously closed at C$6.65.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on STC shares. Acumen Capital lowered their target price on shares of Sangoma Technologies from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Thursday, September 18th. TD Securities decreased their price target on Sangoma Technologies from C$11.00 to C$10.00 and set a “buy” rating for the company in a report on Thursday, September 18th. Finally, Canaccord Genuity Group dropped their price objective on Sangoma Technologies from C$10.00 to C$8.50 and set a “speculative buy” rating on the stock in a research note on Thursday, September 18th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$10.63.

Sangoma Technologies Stock Performance

The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 27.33. The firm has a market capitalization of C$219.38 million, a P/E ratio of -41.38 and a beta of 0.98. The company’s 50 day moving average is C$7.14 and its 200-day moving average is C$7.51.

Sangoma Technologies (TSE:STC) last announced its quarterly earnings data on Monday, November 10th. The company reported C($0.07) earnings per share for the quarter. The company had revenue of C$70.76 million for the quarter. Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. As a group, equities analysts anticipate that Sangoma Technologies Co. will post 0.01 EPS for the current year.

About Sangoma Technologies

Sangoma (TSX: STC; Nasdaq: SANG) is a leading business communications platform provider with solutions that include its award-winning UCaaS, CCaaS, CPaaS, and Trunking technologies. The enterprise-grade communications suite is developed in-house; available for cloud, hybrid, or on-premises deployments. Additionally, Sangoma’s integrated approach provides managed services for connectivity, network, and security. A trusted communications partner with over 40 years on the market, Sangoma has over 2.7 million UC seats across a diversified base of over 100,000 customers.