Bard Associates Inc. Grows Stock Holdings in Sangoma Technologies Co. (NASDAQ:SANG)

Bard Associates Inc. lifted its position in Sangoma Technologies Co. (NASDAQ:SANG) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,161 shares of the company’s stock after buying an additional 7,141 shares during the quarter. Bard Associates Inc.’s holdings in Sangoma Technologies were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Sangoma Technologies during the second quarter worth about $188,000. Unique Wealth LLC purchased a new stake in Sangoma Technologies during the 2nd quarter worth approximately $427,000. Hillsdale Investment Management Inc. acquired a new stake in Sangoma Technologies during the 1st quarter worth approximately $765,000. Intact Investment Management Inc. purchased a new position in Sangoma Technologies in the 3rd quarter valued at approximately $1,587,000. Finally, 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 worth $2,471,000 after acquiring an additional 6,243 shares in the last quarter. 39.65% of the stock is currently owned by hedge funds and other institutional investors.

Sangoma Technologies Price Performance

NASDAQ:SANG opened at $6.35 on Friday. The stock has a fifty day moving average price of $5.82 and a 200 day moving average price of $5.33. The company has a current ratio of 0.91, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. Sangoma Technologies Co. has a 12-month low of $2.18 and a 12-month high of $6.75.

Sangoma Technologies (NASDAQ:SANG) last released 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). Sangoma Technologies had a negative return on equity of 3.12% and a negative net margin of 3.32%. The business had revenue of $60.93 million for the quarter, compared to analyst estimates of $60.89 million. During the same period in the prior year, the company posted ($0.04) earnings per share. Equities analysts expect that Sangoma Technologies Co. will post -0.06 earnings per share 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.