Sangoma Technologies (TSE:STC – Get Free Report) posted its quarterly earnings results on Monday. The company reported C($0.07) EPS for the quarter, FiscalAI reports. The firm had revenue of C$70.76 million during the quarter. Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%.
Sangoma Technologies Stock Performance
Shares of TSE:STC traded up C$0.08 during trading hours on Wednesday, hitting C$7.40. The stock had a trading volume of 8,313 shares, compared to its average volume of 28,487. The stock’s fifty day simple moving average is C$7.23 and its 200 day simple moving average is C$7.76. The firm has a market capitalization of C$246.64 million, a price-to-earnings ratio of -49.33 and a beta of 0.54. The company has a debt-to-equity ratio of 27.33, a quick ratio of 0.69 and a current ratio of 0.86. Sangoma Technologies has a 1-year low of C$5.80 and a 1-year high of C$11.50.
Analyst Upgrades and Downgrades
A number of research analysts have commented on STC shares. Acumen Capital reduced their target price on Sangoma Technologies from C$12.50 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, September 18th. TD Securities dropped their price target on Sangoma Technologies from C$11.00 to C$10.00 and set a “buy” rating on the stock in a research report on Thursday, September 18th. Finally, Canaccord Genuity Group decreased their price objective on shares of Sangoma Technologies from C$10.00 to C$8.50 and set a “speculative buy” rating for the company in a report on Thursday, September 18th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$10.63.
About Sangoma Technologies
Sangoma Technologies Corp is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications.
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