Sangoma Technologies (TSE:STC) Trading Up 1.3% – Still a Buy?

Sangoma Technologies Co. (TSE:STC) was up 1.3% during trading on Monday . The stock traded as high as C$7.06 and last traded at C$7.00. Approximately 12,047 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 27,955 shares. The stock had previously closed at C$6.91.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on STC shares. TD Securities reduced their price objective on Sangoma Technologies from C$11.00 to C$10.00 and set a “buy” rating for the company in a research report on Thursday, September 18th. Acumen Capital cut their target price on shares of Sangoma Technologies from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Thursday, September 18th. Finally, Canaccord Genuity Group reduced their price target on shares of Sangoma Technologies from C$10.00 to C$8.50 and set a “speculative buy” rating for the company in a report on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$10.63.

Sangoma Technologies Trading Up 1.3%

The business has a 50-day moving average price of C$7.18 and a 200-day moving average price of C$7.62. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 27.33. The firm has a market capitalization of C$231.97 million, a P/E ratio of -43.75 and a beta of 0.80.

Sangoma Technologies (TSE:STC) last announced its quarterly earnings results on Monday, November 10th. The company reported C($0.07) earnings per share (EPS) for the quarter. Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. The business had revenue of C$70.76 million during the quarter. Analysts anticipate that Sangoma Technologies Co. will post 0.01 earnings per share for the current year.

About Sangoma Technologies

Sangoma Technologies Corp is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes Cloud Services, Video Conferencing, Carrier Services, Business Phone Systems, Phones & Devices, and Network Connectivity. The company sells into three major geographic centers: the United States of America, which is the key revenue driver, Canada, and other foreign countries.