Sangoma Technologies (TSE:STC) Trading 1.6% Higher – Should You Buy?

Sangoma Technologies Co. (TSE:STC)’s stock price rose 1.6% on Friday . The stock traded as high as C$5.80 and last traded at C$5.80. 2,575 shares were traded during trading, a decline of 93% from the average session volume of 37,019 shares. The stock had previously closed at C$5.71.

Analyst Ratings Changes

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

Sangoma Technologies Stock Performance

The stock has a market capitalization of C$193.02 million, a P/E ratio of -30.53 and a beta of 1.16. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 15.99. The business has a fifty day moving average price of C$5.27 and a 200-day moving average price of C$5.89.

Sangoma Technologies (TSE:STC) last released its quarterly earnings data on Wednesday, May 13th. The company reported C($0.10) EPS for the quarter. Sangoma Technologies had a negative net margin of 3.66% and a negative return on equity of 3.18%. The business had revenue of C$70.90 million for the quarter. On average, sell-side analysts expect that Sangoma Technologies Co. 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.