Sangoma Technologies Co. (NASDAQ:SANG – Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 6,400 shares, a growth of 113.3% from the June 30th total of 3,000 shares. Based on an average daily trading volume, of 5,300 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the shares of the stock are short sold.
Sangoma Technologies Price Performance
SANG traded up $0.03 during midday trading on Friday, hitting $5.15. The stock had a trading volume of 5,933 shares, compared to its average volume of 2,450. Sangoma Technologies has a 1 year low of $2.18 and a 1 year high of $6.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 1.04. The business has a fifty day moving average of $5.19 and a 200 day moving average of $4.44. The company has a market cap of $123.09 million, a P/E ratio of -5.54 and a beta of 1.46.
Sangoma Technologies (NASDAQ:SANG – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $61.05 million during the quarter, compared to analysts’ expectations of $61.09 million. Sangoma Technologies had a negative net margin of 12.23% and a negative return on equity of 3.07%. As a group, equities analysts forecast that Sangoma Technologies will post -0.23 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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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