Sangoma Technologies (TSE:STC) Trading Up 3.5% – What’s Next?

Sangoma Technologies Co. (TSE:STC)’s share price shot up 3.5% during mid-day trading on Monday . The stock traded as high as C$6.60 and last traded at C$6.54. 9,346 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 23,957 shares. The stock had previously closed at C$6.32.

Sangoma Technologies Price Performance

The company’s fifty day moving average is C$6.95 and its two-hundred day moving average is C$7.31. The company has a debt-to-equity ratio of 27.33, a quick ratio of 0.69 and a current ratio of 0.86. The firm has a market cap of C$216.73 million, a price-to-earnings ratio of -40.88 and a beta of 0.98.

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

Sangoma Technologies Company Profile

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.