Sangoma Technologies (TSE:STC) Stock Price Up 37.8% – Should You Buy?

Sangoma Technologies Co. (TSE:STC) shares were up 37.8% during trading on Tuesday. The stock traded as high as C$7.09 and last traded at C$6.96. 888,051 shares were traded during trading, an increase of 2,313% from the average session volume of 36,796 shares. The stock had previously closed at C$5.05.

Sangoma Technologies Stock Up 38.0%

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 has a market cap of C$231.95 million, a price-to-earnings ratio of -36.68 and a beta of 1.04. The business has a 50-day simple moving average of C$5.38 and a 200-day simple moving average of C$5.45.

Sangoma Technologies (TSE:STC) last announced its quarterly earnings data on Monday, September 28th. The company reported C($3.11) earnings per share (EPS) for the quarter. Sangoma Technologies had a negative net margin of 3.66% and a negative return on equity of 3.18%. The company had revenue of C$71.17 million during the quarter. On average, equities analysts anticipate that Sangoma Technologies Co. will post 0.01 earnings per share for the current fiscal 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.