Sangoma Technologies (TSE:STC) Reaches New 1-Year Low – Here’s Why

Sangoma Technologies Co. (TSE:STC)’s stock price hit a new 52-week low on Monday . The company traded as low as C$4.95 and last traded at C$4.90, with a volume of 12361 shares traded. The stock had previously closed at C$5.00.

Wall Street Analysts Forecast Growth

Separately, TD decreased their price target 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$9.70.

Sangoma Technologies Stock Performance

The company has a market cap of C$163.07 million, a PE ratio of -25.79 and a beta of 1.24. The company has a debt-to-equity ratio of 15.99, a quick ratio of 0.69 and a current ratio of 0.90. The stock’s 50-day simple moving average is C$5.43 and its 200 day simple moving average is C$6.24.

Sangoma Technologies (TSE:STC) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C($0.10) EPS for the quarter. The firm had revenue of C$70.90 million for the quarter. Sangoma Technologies had a negative return on equity of 3.18% and a negative net margin of 3.66%. As a group, equities analysts anticipate 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.