Sangoma Technologies (TSE:STC) Cut to “Tender” at Acumen Capital

Acumen Capital downgraded shares of Sangoma Technologies (TSE:STC) from a buy rating to a tender rating in a research note released on Wednesday morning,BayStreet reports. The firm currently has C$7.40 target price on the stock, down from their prior target price of C$11.00.

Separately, TD cut shares of Sangoma Technologies from a “buy” rating to a “sell” rating and decreased their price target for the stock from C$8.00 to C$7.35 in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$8.25.

Sangoma Technologies Trading Down 0.1%

Shares of Sangoma Technologies stock opened at C$6.96 on Wednesday. The company’s 50-day moving average price is C$5.48 and its 200-day moving average price is C$5.48. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 19.57. Sangoma Technologies has a 12-month low of C$4.71 and a 12-month high of C$7.62. The company has a market cap of C$231.62 million, a price-to-earnings ratio of -36.63 and a beta of 1.04.

Sangoma Technologies (TSE:STC) last posted its earnings results on Monday, September 28th. The company reported C($3.11) earnings per share for the quarter. Sangoma Technologies had a negative return on equity of 34.04% and a negative net margin of 37.55%.The firm had revenue of C$71.17 million for the quarter. On average, equities analysts expect that Sangoma Technologies 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.