Sangoma Technologies (TSE:STC) Stock Price Down 0.3% – Time to Sell?

Sangoma Technologies Co. (TSE:STC) fell 0.3% during mid-day trading on Wednesday. The stock traded as low as C$6.57 and last traded at C$6.69. 154,532 shares changed hands during trading, an increase of 189% from the average session volume of 53,412 shares. The stock had previously closed at C$6.71.

Analysts Set New Price Targets

STC has been the topic of a number of analyst reports. Acumen Capital downgraded Sangoma Technologies from a “buy” rating to a “tender” rating and cut their price target for the company from C$11.00 to C$7.40 in a report on Wednesday, September 30th. TD lowered Sangoma Technologies from a “buy” rating to a “sell” rating and reduced their price target for the stock from C$8.00 to C$7.35 in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sangoma Technologies currently has an average rating of “Hold” and an average target price of C$8.25.

Sangoma Technologies Stock Performance

The business’s 50-day moving average price is C$5.79 and its 200-day moving average price is C$5.57. 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 stock has a market cap of C$224.14 million, a PE ratio of -2.74 and a beta of 0.60.

Sangoma Technologies (TSE:STC) last posted its quarterly earnings data 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 firm had revenue of C$71.17 million for the quarter. As a group, equities research analysts expect that Sangoma Technologies Co. will post 0.01 earnings per share 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.