Sangoma Technologies (TSE:STC) Price Target Cut to C$10.00 by Analysts at TD Securities

Sangoma Technologies (TSE:STC) had its target price trimmed by TD Securities from C$11.00 to C$10.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

STC has been the subject of several other reports. Acumen Capital decreased their price target on shares of Sangoma Technologies from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Thursday. Canaccord Genuity Group decreased their target price on shares of Sangoma Technologies from C$10.00 to C$8.50 and set a “speculative buy” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus set a C$12.00 price target on Sangoma Technologies and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$10.63.

Sangoma Technologies Trading Down 13.9%

STC opened at C$7.31 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 27.33. Sangoma Technologies has a 52 week low of C$5.80 and a 52 week high of C$11.50. The stock has a market cap of C$244.93 million, a PE ratio of -34.81 and a beta of 1.20. The business has a 50 day moving average of C$7.98 and a 200-day moving average of C$7.63.

Sangoma Technologies (TSE:STC) last issued its quarterly earnings results on Wednesday, September 17th. The company reported C$0.01 earnings per share for the quarter. Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%.During the same period in the previous year, the business earned ($0.05) EPS. Equities research analysts predict that Sangoma Technologies will post 0.01 earnings per share for the current fiscal year.

Sangoma Technologies Company Profile

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.