Sangoma Technologies (TSE:STC) Reaches New 1-Year Low – Here’s Why

Sangoma Technologies Co. (TSE:STC) reached a new 52-week low during trading on Monday . The stock traded as low as C$4.95 and last traded at C$4.90, with a volume of 12361 shares. The stock had previously closed at C$5.00.

Analyst Upgrades and Downgrades

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

Sangoma Technologies Stock Down 2.0%

The business has a 50 day moving average of C$5.43 and a 200-day moving average of C$6.24. The stock has a market cap of C$163.07 million, a PE ratio of -25.79 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.69 and a debt-to-equity ratio of 15.99.

Sangoma Technologies (TSE:STC) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C($0.10) earnings per share for the quarter. The business had revenue of C$70.90 million for the quarter. Sangoma Technologies had a negative return on equity of 3.18% and a negative net margin of 3.66%. Equities research analysts predict that Sangoma Technologies Co. will post 0.01 EPS for the current fiscal year.

Sangoma Technologies Company Profile

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.