Intact Investment Management Inc. Invests $1.59 Million in Sangoma Technologies Co. (NASDAQ:SANG)

Intact Investment Management Inc. acquired a new position in shares of Sangoma Technologies Co. (NASDAQ:SANG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 286,500 shares of the company's stock, valued at approximately $1,587,000. Intact Investment Management Inc. owned approximately 0.86% of Sangoma Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SANG. Acadian Asset Management LLC purchased a new position in Sangoma Technologies during the 2nd quarter worth approximately $188,000. Unique Wealth LLC acquired a new position in shares of Sangoma Technologies in the 2nd quarter valued at $427,000. Hillsdale Investment Management Inc. purchased a new stake in Sangoma Technologies in the 1st quarter valued at $765,000. Finally, Toronto Dominion Bank boosted its stake in Sangoma Technologies by 1.3% during the 2nd quarter. Toronto Dominion Bank now owns 500,353 shares of the company's stock worth $2,471,000 after purchasing an additional 6,243 shares during the period. Institutional investors and hedge funds own 39.65% of the company's stock.

Sangoma Technologies Stock Performance

NASDAQ SANG traded down $0.15 during trading on Tuesday, reaching $6.09. The company's stock had a trading volume of 13,003 shares, compared to its average volume of 7,324. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.95. Sangoma Technologies Co. has a twelve month low of $2.18 and a twelve month high of $6.43. The business's fifty day moving average price is $5.67 and its 200-day moving average price is $5.23. The firm has a market cap of $203.04 million, a price-to-earnings ratio of -23.46 and a beta of 1.45.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last announced its quarterly earnings data on Wednesday, September 18th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $60.93 million during the quarter, compared to analyst estimates of $60.89 million. Sangoma Technologies had a negative net margin of 3.50% and a negative return on equity of 3.31%. During the same period in the prior year, the firm posted ($0.04) earnings per share. As a group, analysts anticipate that Sangoma Technologies Co. will post -0.07 EPS for the current fiscal year.

Sangoma Technologies 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.