Sangoma Technologies (TSE:STC) Stock Rating Cut to Tender at Acumen Capital

Sangoma Technologies (TSE:STC) was downgraded by stock analysts at Acumen Capital from a “buy” rating to a “tender” rating in a note issued to investors on Wednesday, BayStreet reports. They currently have a C$7.40 price target on the stock, down from their previous price target of C$11.00. Acumen Capital’s price target would indicate a potential upside of 6.02% from the stock’s previous close.

Separately, TD downgraded Sangoma Technologies from a “buy” rating to a “sell” rating and decreased their target price for the stock from C$8.00 to C$7.35 in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$8.25.

Sangoma Technologies Trading Up 38.2%

Shares of STC stock opened at C$6.98 on Wednesday. The company has a market capitalization of C$232.29 million, a P/E ratio of -36.74 and a beta of 1.04. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 19.57. The business’s 50 day moving average is C$5.41 and its two-hundred day moving average is C$5.45. Sangoma Technologies has a twelve month low of C$4.71 and a twelve month high of C$7.62.

Sangoma Technologies (TSE:STC) last released its quarterly earnings results on Monday, September 28th. The company reported C($3.11) EPS for the quarter. Sangoma Technologies had a negative return on equity of 34.04% and a negative net margin of 37.55%.The company had revenue of C$71.17 million for the quarter. Equities analysts forecast that Sangoma Technologies will post 0.01 EPS 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.