Sangoma Technologies (TSE:STC – Get Free Report) issued its earnings results on Thursday. The company reported C($0.13) EPS for the quarter, FiscalAI reports. Sangoma Technologies had a negative net margin of 37.55% and a negative return on equity of 34.04%. The firm had revenue of C$71.27 million during the quarter.
Sangoma Technologies Stock Up 3.7%
Shares of TSE STC traded up C$0.23 during mid-day trading on Friday, reaching C$6.46. 48,242 shares of the company traded hands, compared to its average volume of 53,031. The company has a debt-to-equity ratio of 19.57, a quick ratio of 0.69 and a current ratio of 0.78. The stock has a market cap of C$216.43 million, a PE ratio of -2.65 and a beta of 0.33. The company’s fifty day moving average is C$6.02 and its two-hundred day moving average is C$5.79. Sangoma Technologies has a fifty-two week low of C$4.71 and a fifty-two week high of C$7.62.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. TD lowered Sangoma Technologies from a “buy” rating to a “sell” rating and reduced their price target for the company from C$8.00 to C$7.35 in a report on Wednesday, September 30th. Acumen Capital downgraded Sangoma Technologies from a “buy” rating to a “tender” rating and dropped their price objective for the stock from C$11.00 to C$7.40 in a report on Wednesday, September 30th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sangoma Technologies presently has an average rating of “Hold” and an average target price of C$8.25.
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 setups. Additionally, Sangoma 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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