Sangoma Technologies Co. (TSE:STC - Get Free Report) dropped 0.3% on Thursday . The stock traded as low as C$7.24 and last traded at C$7.34. Approximately 11,459 shares changed hands during trading, a decline of 59% from the average daily volume of 28,239 shares. The stock had previously closed at C$7.36.
Analyst Upgrades and Downgrades
STC has been the topic of several research analyst reports. Canaccord Genuity Group lowered their price objective on shares of Sangoma Technologies from C$10.00 to C$8.50 and set a "speculative buy" rating on the stock in a research report on Thursday, September 18th. TD Securities lowered their price objective on shares of Sangoma Technologies from C$11.00 to C$10.00 and set a "buy" rating on the stock in a research report on Thursday, September 18th. Finally, Acumen Capital lowered their price objective on shares of Sangoma Technologies from C$12.50 to C$12.00 and set a "buy" rating on the stock in a research report on Thursday, September 18th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$10.63.
Check Out Our Latest Report on STC
Sangoma Technologies Stock Performance
The firm's fifty day moving average price is C$7.77 and its 200 day moving average price is C$7.64. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 27.33. The firm has a market capitalization of C$244.64 million, a PE ratio of -48.93 and a beta of 1.20.
Sangoma Technologies (TSE:STC - Get Free Report) last posted its quarterly earnings results on Wednesday, September 17th. The company reported C$0.01 EPS for the quarter. Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, research analysts anticipate that Sangoma Technologies Co. will post 0.01 earnings per share for the current year.
About Sangoma Technologies
(
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Sangoma Technologies Corp is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications.
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