Sangoma Technologies (TSE:STC) Price Target Cut to C$8.50 by Analysts at Canaccord Genuity Group

Sangoma Technologies (TSE:STC) had its price target reduced by Canaccord Genuity Group from C$10.00 to C$8.50 in a research note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Several other research analysts have also recently issued reports on STC. Stifel Nicolaus set a C$12.00 price objective on Sangoma Technologies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Acumen Capital reduced 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 report on Thursday. Finally, TD Securities set a C$11.00 price objective on shares of Sangoma Technologies and gave the company a “buy” rating in a research note on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$10.63.

Sangoma Technologies Trading Down 13.9%

TSE STC opened at C$7.31 on Thursday. Sangoma Technologies has a 12-month low of C$5.80 and a 12-month high of C$11.50. The company has a fifty day simple moving average of C$7.98 and a two-hundred day simple moving average of C$7.63. 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 stock has a market cap of C$244.93 million, a P/E ratio of -34.81 and a beta of 1.20.

Sangoma Technologies (TSE:STC) last released its earnings results on Wednesday, September 17th. The company reported C$0.01 earnings per share (EPS) 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 prior year, the business posted ($0.05) EPS. On average, analysts forecast that Sangoma Technologies will post 0.01 earnings per share for the current 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.