National Bank of Canada FI Purchases 2,596 Shares of Sangoma Technologies Co. (NASDAQ:SANG)

National Bank of Canada FI raised its position in Sangoma Technologies Co. (NASDAQ:SANG) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 74,855 shares of the company’s stock after acquiring an additional 2,596 shares during the period. National Bank of Canada FI’s holdings in Sangoma Technologies were worth $521,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Sangoma Technologies by 375.6% in the fourth quarter. JPMorgan Chase & Co. now owns 19,500 shares of the company’s stock valued at $135,000 after acquiring an additional 15,400 shares during the period. Bard Associates Inc. grew its position in shares of Sangoma Technologies by 2.3% during the fourth quarter. Bard Associates Inc. now owns 90,205 shares of the company’s stock worth $644,000 after purchasing an additional 2,044 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Sangoma Technologies by 1,171.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 142,879 shares of the company’s stock worth $993,000 after purchasing an additional 131,638 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Sangoma Technologies by 47.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 215,533 shares of the company’s stock worth $1,497,000 after purchasing an additional 69,700 shares in the last quarter. Finally, Alberta Investment Management Corp grew its position in shares of Sangoma Technologies by 11.9% during the fourth quarter. Alberta Investment Management Corp now owns 1,204,274 shares of the company’s stock worth $8,373,000 after purchasing an additional 127,808 shares in the last quarter. Institutional investors own 39.65% of the company’s stock.

Sangoma Technologies Stock Performance

NASDAQ SANG opened at $4.83 on Thursday. The stock has a market capitalization of $162.12 million, a PE ratio of -22.98 and a beta of 1.45. The business has a 50 day simple moving average of $5.27 and a two-hundred day simple moving average of $6.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.86 and a quick ratio of 0.63. Sangoma Technologies Co. has a 1-year low of $4.04 and a 1-year high of $7.99.

Sangoma Technologies (NASDAQ:SANG) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. During the same period in the prior year, the business earned ($0.10) earnings per share. On average, research analysts predict that Sangoma Technologies Co. will post -0.18 EPS for the current fiscal year.

Sangoma Technologies Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.