Sangoma Technologies (TSE:STC) Stock Jumps 37.8% – What’s Next?

by · The Markets Daily

Sangoma Technologies Co. (TSE:STC – Get Free Report) shares rose 37.8% during mid-day trading on Tuesday. The stock traded as high as C$7.09 and last traded at C$6.96. 888,051 shares were traded during trading, an increase of 2,313% from the average session volume of 36,796 shares. The stock had previously closed at C$5.05.

Sangoma Technologies Trading Up 38.0%

The company has a debt-to-equity ratio of 15.99, a current ratio of 0.90 and a quick ratio of 0.69. The firm has a market cap of C$231.95 million, a PE ratio of -36.68 and a beta of 1.04. The company’s 50 day moving average price is C$5.38 and its 200 day moving average price is C$5.45.

Sangoma Technologies (TSE:STC – Get Free Report) last announced its earnings results on Monday, September 28th. The company reported C($3.11) earnings per share for the quarter. The business had revenue of C$71.17 million for the quarter. Sangoma Technologies had a negative return on equity of 3.18% and a negative net margin of 3.66%. As a group, analysts forecast that Sangoma Technologies Co. will post 0.01 EPS for the current fiscal year.

Sangoma Technologies Company Profile

(Get Free Report)

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.

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