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

TD lowered shares of Sangoma Technologies (TSE:STC) from a buy rating to a sell rating in a research report sent to investors on Wednesday,BayStreet reports. They currently have C$7.35 price target on the stock, down from their prior price target of C$8.00.

Sangoma Technologies Stock Performance

Shares of TSE STC opened at C$6.96 on Wednesday. The company has a debt-to-equity ratio of 19.57, a current ratio of 0.78 and a quick ratio of 0.69. The firm has a market cap of C$231.62 million, a price-to-earnings ratio of -36.63 and a beta of 1.04. Sangoma Technologies has a one year low of C$4.71 and a one year high of C$7.62. The stock’s fifty day moving average price is C$5.48 and its two-hundred day moving average price is C$5.48.

Sangoma Technologies (TSE:STC) last posted 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 return on equity of 34.04% and a negative net margin of 37.55%.The firm had revenue of C$71.17 million for the quarter. On average, equities analysts forecast that Sangoma Technologies will post 0.01 EPS for the current year.

Sangoma Technologies Company Profile

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.