Sangoma Technologies (TSE:STC) Shares Up 1.6% – Still a Buy?

Sangoma Technologies Co. (TSE:STC – Get Free Report) shares shot up 1.6% on Friday . The company traded as high as C$5.80 and last traded at C$5.80. Approximately 2,575 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 37,019 shares. The stock had previously closed at C$5.71.

Wall Street Analyst Weigh In

Separately, TD reduced their price objective on shares of Sangoma Technologies from C$10.00 to C$8.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$9.70.

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Sangoma Technologies Stock Up 1.6%

The company has a market cap of C$193.02 million, a price-to-earnings ratio of -30.53 and a beta of 1.16. The company has a debt-to-equity ratio of 15.99, a current ratio of 0.90 and a quick ratio of 0.69. The firm has a 50-day moving average price of C$5.27 and a 200 day moving average price of C$5.89.

Sangoma Technologies (TSE:STC – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported C($0.10) earnings per share (EPS) for the quarter. Sangoma Technologies had a negative net margin of 3.66% and a negative return on equity of 3.18%. The firm had revenue of C$70.90 million during the quarter. Sell-side analysts predict that Sangoma Technologies Co. will post 0.01 EPS for the current year.

Sangoma Technologies Company Profile

(Get Free Report)

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.

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