Sangoma Technologies (TSE:STC) Sets New 1-Year Low – What’s Next?

Sangoma Technologies Co. (TSE:STC)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$5.03 and last traded at C$5.16, with a volume of 10768 shares changing hands. The stock had previously closed at C$5.16.

Analyst Upgrades and Downgrades

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

Sangoma Technologies Trading Down 2.0%

The firm has a 50 day moving average of C$5.46 and a 200 day moving average of C$6.27. The firm has a market cap of C$164.73 million, a PE ratio of -26.05 and a beta of 1.17. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 15.99.

Sangoma Technologies (TSE:STC) last issued its 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. Equities analysts anticipate 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.