Sangoma Technologies (TSE:STC) Trading Up 1.3% – Still a Buy?

Sangoma Technologies Co. (TSE:STC) shares rose 1.3% during trading on Monday . The company traded as high as C$7.06 and last traded at C$7.00. Approximately 12,047 shares traded hands during trading, a decline of 57% from the average daily volume of 27,955 shares. The stock had previously closed at C$6.91.

Wall Street Analysts Forecast Growth

STC has been the topic of several analyst reports. Canaccord Genuity Group lowered their price objective on Sangoma Technologies from C$10.00 to C$8.50 and set a “speculative buy” rating on the stock in a research note on Thursday, September 18th. Acumen Capital decreased their price target on 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. Finally, TD Securities dropped their price objective on Sangoma Technologies from C$11.00 to C$10.00 and set a “buy” rating for the company in a research note on Thursday, September 18th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Sangoma Technologies currently has an average rating of “Buy” and an average price target of C$10.63.

Sangoma Technologies Stock Up 1.3%

The company has a market cap of C$231.97 million, a P/E ratio of -43.75 and a beta of 0.80. 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 business’s 50 day moving average price is C$7.18 and its 200-day moving average price is C$7.62.

Sangoma Technologies (TSE:STC) last released its quarterly earnings results on Monday, November 10th. The company reported C($0.07) EPS for the quarter. Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%.The business had revenue of C$70.76 million for the quarter. On average, analysts anticipate that Sangoma Technologies Co. will post 0.01 earnings per share for the current fiscal year.

Sangoma Technologies Company Profile

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. Its product includes Cloud Services, Video Conferencing, Carrier Services, Business Phone Systems, Phones & Devices, and Network Connectivity. The company sells into three major geographic centers: the United States of America, which is the key revenue driver, Canada, and other foreign countries.