Toronto Dominion Bank Grows Holdings in Sangoma Technologies Co. (NASDAQ:SANG)

Toronto Dominion Bank grew its position in Sangoma Technologies Co. (NASDAQ:SANG) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 500,353 shares of the company’s stock after acquiring an additional 6,243 shares during the period. Toronto Dominion Bank owned about 2.09% of Sangoma Technologies worth $2,471,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SANG. PenderFund Capital Management Ltd. boosted its position in Sangoma Technologies by 6.8% during the fourth quarter. PenderFund Capital Management Ltd. now owns 3,308,133 shares of the company’s stock worth $10,586,000 after purchasing an additional 210,300 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Sangoma Technologies in the 1st quarter worth $765,000. Unique Wealth LLC acquired a new stake in shares of Sangoma Technologies in the second quarter valued at about $427,000. Finally, Acadian Asset Management LLC purchased a new position in Sangoma Technologies in the 2nd quarter valued at about $188,000. 39.65% of the stock is owned by hedge funds and other institutional investors.

Sangoma Technologies Stock Performance

NASDAQ SANG opened at $5.61 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.95 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $5.33 and its 200-day simple moving average is $5.04. The company has a market cap of $134.08 million, a PE ratio of -6.03 and a beta of 1.47. Sangoma Technologies Co. has a 1-year low of $2.18 and a 1-year high of $6.40.

Sangoma Technologies (NASDAQ:SANG) last announced its earnings results on Wednesday, September 18th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $60.93 million for the quarter, compared to analyst estimates of $60.89 million. Sangoma Technologies had a negative return on equity of 3.31% and a negative net margin of 3.50%. During the same period last year, the firm earned ($0.04) EPS. As a group, equities research analysts anticipate that Sangoma Technologies Co. will post -0.07 EPS for the current fiscal year.

Sangoma Technologies Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.