Acadian Asset Management LLC acquired a new position in shares of Sangoma Technologies Co. (NASDAQ:SANG – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 39,016 shares of the company’s stock, valued at approximately $188,000. Acadian Asset Management LLC owned 0.16% of Sangoma Technologies at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. PenderFund Capital Management Ltd. lifted its position in Sangoma Technologies by 6.8% during the 4th quarter. PenderFund Capital Management Ltd. now owns 3,308,133 shares of the company’s stock worth $10,586,000 after acquiring an additional 210,300 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Sangoma Technologies in the first quarter worth about $765,000. Finally, Unique Wealth LLC bought a new position in shares of Sangoma Technologies in the second quarter worth about $427,000. 39.65% of the stock is owned by institutional investors.
Sangoma Technologies Price Performance
Shares of NASDAQ:SANG opened at $5.61 on Friday. The company has a market cap of $134.08 million, a price-to-earnings ratio of -6.03 and a beta of 1.47. The business has a 50 day moving average price of $5.24 and a 200 day moving average price of $4.97. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.30. Sangoma Technologies Co. has a twelve month low of $2.18 and a twelve month high of $6.40.
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.
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