Sangoma Technologies (TSE:STC) Shares Up 1.6% – Still a Buy?

Sangoma Technologies Co. (TSE:STC) shares were up 1.6% during mid-day trading on Friday . The stock traded as high as C$5.80 and last traded at C$5.80. 2,575 shares changed hands during trading, a decline of 93% from the average daily volume of 37,019 shares. The stock had previously closed at C$5.71.

Wall Street Analysts Forecast Growth

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

Sangoma Technologies Trading Up 1.6%

The company has a market cap of C$193.02 million, a P/E ratio of -30.53 and a beta of 1.16. The business’s 50-day moving average price is C$5.27 and its 200 day moving average price is C$5.89. The company has a debt-to-equity ratio of 15.99, a quick ratio of 0.69 and a current ratio of 0.90.

Sangoma Technologies (TSE:STC) last issued its earnings results on Wednesday, May 13th. The company reported C($0.10) earnings per share (EPS) for the quarter. Sangoma Technologies had a negative net margin of 3.66% and a negative return on equity of 3.18%. The firm had revenue of C$70.90 million during the quarter. As a group, analysts expect that Sangoma Technologies Co. will post 0.01 earnings per share 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.