Sangoma Technologies (NASDAQ:SANG) Now Covered by Analysts at William Blair

William Blair began coverage on shares of Sangoma Technologies (NASDAQ:SANGGet Rating) in a research note published on Thursday morning, The Fly reports. The brokerage issued an outperform rating on the stock.

Separately, Northland Securities began coverage on Sangoma Technologies in a report on Thursday, May 26th. They issued an outperform rating and a $18.00 price objective for the company.

Sangoma Technologies Stock Performance

Shares of SANG stock opened at $6.83 on Thursday. Sangoma Technologies has a 12-month low of $6.75 and a 12-month high of $23.10. The firm has a market capitalization of $152.27 million and a price-to-earnings ratio of -18.46. The business has a 50 day simple moving average of $8.13 and a 200 day simple moving average of $9.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.50.

Hedge Funds Weigh In On Sangoma Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. bought a new position in Sangoma Technologies during the 2nd quarter valued at $100,000. Tarbox Family Office Inc. bought a new position in Sangoma Technologies during the 2nd quarter valued at $127,000. Bard Associates Inc. boosted its stake in Sangoma Technologies by 47.6% during the 2nd quarter. Bard Associates Inc. now owns 16,828 shares of the company’s stock valued at $139,000 after purchasing an additional 5,425 shares in the last quarter. National Bank of Canada FI boosted its stake in Sangoma Technologies by 7.6% during the 2nd quarter. National Bank of Canada FI now owns 25,617 shares of the company’s stock valued at $206,000 after purchasing an additional 1,810 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Sangoma Technologies during the 1st quarter valued at $303,000. 32.79% of the stock is owned by institutional investors.

About Sangoma Technologies

(Get Rating)

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; Asterisk and FreePBX, an open source IP PBX software; and FAXStation, a fax-over-IP solution.

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