Sangoma Technologies (TSE:STC) Hits New 1-Year Low – Should You Sell?

Sangoma Technologies Co. (TSE:STC) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$5.03 and last traded at C$5.16, with a volume of 10768 shares traded. The stock had previously closed at C$5.16.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on STC shares. TD decreased their price target on shares of Sangoma Technologies from C$10.00 to C$8.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Stifel Nicolaus decreased their price target on shares of Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$9.70.

Sangoma Technologies Price Performance

The company’s 50 day moving average price is C$5.50 and its two-hundred day moving average price is C$6.30. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 15.99. The stock has a market cap of C$171.72 million, a P/E ratio of -27.16 and a beta of 1.17.

Sangoma Technologies (TSE:STC) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C($0.10) earnings per share for the quarter. Sangoma Technologies had a negative net margin of 3.66% and a negative return on equity of 3.18%. The company had revenue of C$70.90 million for the quarter. As a group, research analysts expect 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.