Sangoma Technologies Co. (NASDAQ:SANG – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 6,400 shares, an increase of 113.3% from the June 30th total of 3,000 shares. Based on an average trading volume of 5,300 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are sold short.
Sangoma Technologies Stock Up 0.6 %
SANG stock traded up $0.03 during trading on Friday, hitting $5.15. 5,933 shares of the company’s stock were exchanged, compared to its average volume of 2,450. The business has a 50-day moving average price of $5.19 and a two-hundred day moving average price of $4.44. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $123.09 million, a price-to-earnings ratio of -5.54 and a beta of 1.46. Sangoma Technologies has a 52-week low of $2.18 and a 52-week high of $6.40.
Sangoma Technologies (NASDAQ:SANG – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Sangoma Technologies had a negative net margin of 12.23% and a negative return on equity of 3.07%. The company had revenue of $61.05 million for the quarter, compared to analysts’ expectations of $61.09 million. As a group, equities research analysts expect that Sangoma Technologies will post -0.23 EPS for the current year.
Institutional Investors Weigh In On Sangoma Technologies
Sangoma Technologies Company 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.
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