Intact Investment Management Inc. Takes Position in Sangoma Technologies Co. (NASDAQ:SANG)

Intact Investment Management Inc. acquired a new stake in Sangoma Technologies Co. (NASDAQ:SANG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 286,500 shares of the company’s stock, valued at approximately $1,587,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SANG. Hillsdale Investment Management Inc. bought a new position in shares of Sangoma Technologies in the first quarter valued at $765,000. Toronto Dominion Bank grew its stake in shares of Sangoma Technologies by 1.3% in the second quarter. Toronto Dominion Bank now owns 500,353 shares of the company’s stock valued at $2,471,000 after buying an additional 6,243 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Sangoma Technologies in the second quarter valued at $188,000. Finally, Unique Wealth LLC bought a new position in shares of Sangoma Technologies in the second quarter valued at $427,000. 39.65% of the stock is currently owned by institutional investors and hedge funds.

Sangoma Technologies Price Performance

NASDAQ:SANG opened at $6.24 on Tuesday. Sangoma Technologies Co. has a 1-year low of $2.18 and a 1-year high of $6.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.95 and a quick ratio of 0.70. The firm has a fifty day simple moving average of $5.65 and a 200 day simple moving average of $5.22.

Sangoma Technologies (NASDAQ:SANG) last released its earnings results on Wednesday, September 18th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Sangoma Technologies had a negative net margin of 3.50% and a negative return on equity of 3.31%. The firm had revenue of $60.93 million during the quarter, compared to the consensus estimate of $60.89 million. During the same period in the prior year, the business posted ($0.04) earnings per share. On average, sell-side analysts expect that Sangoma Technologies Co. will post -0.07 EPS for the current fiscal year.

About Sangoma Technologies

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.