Sangoma Technologies (TSE:STC) Price Target Lowered to C$12.00 at Acumen Capital

Sangoma Technologies (TSE:STC) had its price objective decreased by Acumen Capital from C$12.50 to C$12.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. Acumen Capital currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on STC. Stifel Nicolaus set a C$12.00 price target on shares of Sangoma Technologies and gave the company a “buy” rating in a research report on Thursday, May 22nd. TD Securities set a C$11.00 target price on Sangoma Technologies and gave the company a “buy” rating in a report on Thursday, September 11th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$10.63.

Sangoma Technologies Stock Performance

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

Sangoma Technologies (TSE:STC) last issued its quarterly earnings data on Wednesday, September 17th. The company reported C$0.01 earnings per share 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 prior year, the firm posted ($0.05) earnings per share. Research analysts predict that Sangoma Technologies will post 0.01 EPS for the current fiscal year.

About Sangoma Technologies

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.