Sangoma Technologies (TSE:STC) Posts Quarterly Earnings Results

Sangoma Technologies (TSE:STC) announced its earnings results on Monday. The company reported C($0.07) EPS for the quarter, FiscalAI reports. Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%.The firm had revenue of C$70.76 million for the quarter.

Sangoma Technologies Stock Up 1.0%

Sangoma Technologies stock traded up C$0.07 during mid-day trading on Wednesday, hitting C$7.39. The company’s stock had a trading volume of 3,513 shares, compared to its average volume of 28,485. Sangoma Technologies has a 52-week low of C$5.80 and a 52-week high of C$11.50. The company has a market cap of C$246.31 million, a PE ratio of -49.27 and a beta of 0.54. The company has a debt-to-equity ratio of 27.33, a current ratio of 0.86 and a quick ratio of 0.69. The firm’s 50 day moving average is C$7.23 and its 200 day moving average is C$7.76.

Wall Street Analyst Weigh In

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

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.