Sangoma Technologies (TSE:STC) Reaches New 52-Week Low – What’s Next?

Sangoma Technologies Co. (TSE:STC) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$5.16 and last traded at C$5.28, with a volume of 769506 shares. The stock had previously closed at C$5.30.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut their price target on Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$10.13.

Sangoma Technologies Trading Down 1.1%

The firm’s 50-day moving average is C$6.08 and its 200 day moving average is C$6.70. The company has a current ratio of 0.87, a quick ratio of 0.69 and a debt-to-equity ratio of 18.08. The firm has a market capitalization of C$174.06 million, a price-to-earnings ratio of -30.82 and a beta of 1.13.

Sangoma Technologies (TSE:STC) last posted its earnings results on Wednesday, February 4th. The company reported C($0.08) EPS for the quarter. Sangoma Technologies had a negative return on equity of 2.82% and a negative net margin of 3.16%.The business had revenue of C$70.62 million for the quarter. On average, equities analysts predict that Sangoma Technologies Co. will post 0.01 earnings per share 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.