Sangoma Technologies Co. (NASDAQ:SANG) Shares Acquired by Bard Associates Inc.

Bard Associates Inc. lifted its holdings in shares of Sangoma Technologies Co. (NASDAQ:SANG) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,205 shares of the company’s stock after purchasing an additional 2,044 shares during the quarter. Bard Associates Inc. owned about 0.27% of Sangoma Technologies worth $644,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SANG. Intact Investment Management Inc. acquired a new stake in shares of Sangoma Technologies during the third quarter worth $1,587,000. Alberta Investment Management Corp boosted its holdings in Sangoma Technologies by 11.9% in the fourth quarter. Alberta Investment Management Corp now owns 1,204,274 shares of the company’s stock valued at $8,373,000 after acquiring an additional 127,808 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Sangoma Technologies by 28.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company’s stock valued at $808,000 after acquiring an additional 32,000 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Sangoma Technologies by 13.2% in the third quarter. National Bank of Canada FI now owns 72,259 shares of the company’s stock valued at $398,000 after acquiring an additional 8,439 shares during the last quarter. Institutional investors and hedge funds own 39.65% of the company’s stock.

Sangoma Technologies Price Performance

Shares of Sangoma Technologies stock opened at $5.34 on Tuesday. Sangoma Technologies Co. has a twelve month low of $3.78 and a twelve month high of $7.99. The stock has a market capitalization of $178.04 million, a P/E ratio of -25.43 and a beta of 1.35. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $6.77 and its 200 day moving average price is $6.21.

Sangoma Technologies (NASDAQ:SANG) last issued its earnings results on Wednesday, February 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted ($0.10) earnings per share. As a group, research analysts anticipate that Sangoma Technologies Co. will post -0.18 earnings per share for the current 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.