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

Key Points

• Sangoma Technologies hit a new 52-week low, dipping as low as C$5.16 and last trading at C$5.28 on heavy volume (769,506 shares).
• Analysts still show an overall Buy consensus with an average target of C$10.13, although Stifel Nicolaus trimmed its price target from C$12 to C$10 while maintaining a buy rating.
• Financials point to stress on liquidity and profitability — a current ratio of 0.87, negative quarterly EPS of C($0.08), a negative net margin, and a market cap near C$174 million.

Sangoma Technologies Co. (TSE:STC - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$5.16 and last traded at C$5.28, with a volume of 769506 shares trading hands. The stock had previously closed at C$5.30.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their price objective on Sangoma Technologies from C$12.00 to C$10.00 and set a "buy" rating on the stock in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$10.13.

Sangoma Technologies Stock Performance

The company has a debt-to-equity ratio of 18.08, a current ratio of 0.87 and a quick ratio of 0.69. The business has a 50-day simple moving average of C$6.08 and a 200-day simple moving average of C$6.70. The firm has a market capitalization of C$174.06 million, a PE ratio of -30.82 and a beta of 1.13.

Sangoma Technologies (TSE:STC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported C($0.08) earnings per share 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 during the quarter. Equities research analysts expect 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.

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