Sangoma Technologies Co. (TSE:STC - Get Free Report) rose 1.5% during mid-day trading on Wednesday . The company traded as high as C$8.80 and last traded at C$8.74. Approximately 7,519 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 29,239 shares. The stock had previously closed at C$8.61.
Analyst Upgrades and Downgrades
Several research firms have issued reports on STC. Stifel Nicolaus set a C$12.00 price target on shares of Sangoma Technologies and gave the stock a "buy" rating in a report on Thursday, May 22nd. TD Securities lowered their price target on shares of Sangoma Technologies from C$14.00 to C$11.00 and set a "buy" rating for the company in a report on Wednesday, April 30th.
Read Our Latest Analysis on STC
Sangoma Technologies Trading Down 2.3%
The company has a market cap of C$200.83 million, a price-to-earnings ratio of -29.29 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 firm's 50-day moving average price is C$8.08 and its 200 day moving average price is C$8.22.
Insider Activity at Sangoma Technologies
In related news, insider Sangoma Technologies Corporation acquired 126,264 shares of Sangoma Technologies stock in a transaction dated Wednesday, April 30th. The stock was bought at an average price of C$6.78 per share, with a total value of C$856,069.92. 20.80% of the stock is currently owned by company insiders.
Sangoma Technologies Company Profile
(
Get Free Report)
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.
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