Sangoma Technologies (TSE:STC) Cut to Sell at TD

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

Sangoma Technologies Stock Performance

STC stock opened at C$6.98 on Wednesday. The stock’s 50 day simple moving average is C$5.41 and its 200 day simple moving average is C$5.45. Sangoma Technologies has a 12-month low of C$4.71 and a 12-month high of C$7.62. The firm has a market cap of C$232.29 million, a P/E ratio of -36.74 and a beta of 1.04. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 19.57.

Sangoma Technologies (TSE:STC) last announced its quarterly earnings data on Monday, September 28th. The company reported C($3.11) earnings per share for the quarter. Sangoma Technologies had a negative net margin of 37.55% and a negative return on equity of 34.04%. The business had revenue of C$71.17 million for the quarter. As a group, equities research analysts predict that Sangoma Technologies 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.