Sangoma Technologies (TSE:STC) Sets New 12-Month Low After Analyst Downgrade

Shares of Sangoma Technologies Co. (TSE:STC) hit a new 52-week low during trading on Thursday after TD lowered their price target on the stock from C$10.00 to C$8.00. TD currently has a buy rating on the stock. Sangoma Technologies traded as low as C$4.71 and last traded at C$5.15, with a volume of 69823 shares. The stock had previously closed at C$5.62.

Separately, Stifel Nicolaus reduced their price objective on Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sangoma Technologies has an average rating of “Buy” and an average target price of C$9.70.

Sangoma Technologies Trading Down 10.1%

The stock has a market capitalization of C$167.75 million, a PE ratio of -29.71 and a beta of 1.17. The stock’s 50 day moving average price is C$5.80 and its 200-day moving average price is C$6.49. The company has a quick ratio of 0.69, a current ratio of 0.87 and a debt-to-equity ratio of 18.08.

Sangoma Technologies (TSE:STC) last released its earnings results on Wednesday, May 13th. The company reported C($0.10) earnings per share for the quarter. The firm had revenue of C$70.90 million for the quarter. Sangoma Technologies had a negative net margin of 3.16% and a negative return on equity of 2.82%. On average, sell-side analysts expect that Sangoma Technologies Co. will post 0.01 earnings per share for the current fiscal 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.