Sangoma Technologies (TSE:STC) Hits New 1-Year Low – Should You Sell?

Sangoma Technologies Co. (TSE:STC)’s share price hit a new 52-week low on Monday . The stock traded as low as C$4.95 and last traded at C$4.90, with a volume of 12361 shares. The stock had previously closed at C$5.00.

Analyst Upgrades and Downgrades

Separately, TD lowered their target price on Sangoma Technologies from C$10.00 to C$8.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$9.70.

Sangoma Technologies Trading Up 7.8%

The stock has a market cap of C$171.05 million, a PE ratio of -27.05 and a beta of 1.24. The company has a debt-to-equity ratio of 15.99, a quick ratio of 0.69 and a current ratio of 0.90. The company’s 50-day moving average price is C$5.40 and its 200 day moving average price is C$6.20.

Sangoma Technologies (TSE:STC) last announced its earnings results on Wednesday, May 13th. The company reported C($0.10) earnings per share (EPS) for the quarter. The firm had revenue of C$70.90 million during the quarter. Sangoma Technologies had a negative net margin of 3.66% and a negative return on equity of 3.18%. On average, sell-side analysts forecast that Sangoma Technologies Co. will post 0.01 EPS 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.