Sangoma Technologies (TSE:STC) Stock Rating Cut to “Sell” at TD

Sangoma Technologies (TSE:STC) was downgraded by stock analysts at TD from a “buy” rating to a “sell” rating in a note issued to investors on Wednesday, BayStreet reports. They presently have a C$7.35 price target on the stock, down from their previous price target of C$8.00. TD’s price target points to a potential upside of 5.30% from the stock’s current price.

Sangoma Technologies Price Performance

Shares of TSE STC opened at C$6.98 on Wednesday. The company has a debt-to-equity ratio of 19.57, a current ratio of 0.78 and a quick ratio of 0.69. Sangoma Technologies has a 1-year low of C$4.71 and a 1-year high of C$7.62. The company has a market capitalization of C$232.29 million, a price-to-earnings ratio of -36.74 and a beta of 1.04. The business has a 50-day moving average of C$5.41 and a 200-day moving average of C$5.45.

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