Sangoma Technologies (TSE:STC) Trading 1% Higher – Time to Buy?

Sangoma Technologies Co. (TSE:STC) shares rose 1% on Thursday . The stock traded as high as C$5.84 and last traded at C$5.80. Approximately 46,881 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 44,954 shares. The stock had previously closed at C$5.74.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their price target on shares of Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$10.13.

Sangoma Technologies Trading Up 1.0%

The company has a 50-day moving average of C$5.88 and a 200 day moving average of C$6.55. The company has a debt-to-equity ratio of 18.08, a current ratio of 0.87 and a quick ratio of 0.69. The company has a market cap of C$192.66 million, a PE ratio of -34.12 and a beta of 1.13.

Sangoma Technologies (TSE:STC) last issued its quarterly earnings data on Wednesday, February 4th. The company reported C($0.08) earnings per share (EPS) for the quarter. The company had revenue of C$70.62 million for the quarter. Sangoma Technologies had a negative net margin of 3.16% and a negative return on equity of 2.82%. Analysts predict that Sangoma Technologies Co. will post 0.01 earnings per share for the current 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.