Sangoma Technologies (TSE:STC) Trading Up 0.8% - Still a Buy?

Sangoma Technologies Co. (TSE:STC - Get Free Report)'s stock price was up 0.8% during mid-day trading on Wednesday . The stock traded as high as C$8.07 and last traded at C$8.06. Approximately 6,709 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 34,242 shares. The stock had previously closed at C$8.00.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STC. Stifel Nicolaus set a C$12.00 price objective on Sangoma Technologies and gave the company a "buy" rating in a research report on Thursday, May 22nd. TD Securities reduced their price objective on Sangoma Technologies from C$14.00 to C$11.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th.

Sangoma Technologies Trading Down 3.3%

The stock has a market cap of C$183.79 million, a P/E ratio of -26.81 and a beta of 1.63. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 27.33. The company has a 50-day moving average price of C$7.25 and a two-hundred day moving average price of C$8.39.

Insider Activity

In other news, insider Sangoma Technologies Corporation bought 126,264 shares of the stock in a transaction on Wednesday, April 30th. The stock was acquired at an average cost of C$6.78 per share, for a total transaction of C$856,069.92. In the last 90 days, insiders have purchased 136,293 shares of company stock valued at $920,911. 20.80% of the stock is currently owned by insiders.

Sangoma Technologies Company Profile

Sangoma Technologies Corp is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications.