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Sangoma Technologies (TSE:STC) Stock Price Up 1.5% - Here's What Happened

Sangoma Technologies logo with Computer and Technology background

Sangoma Technologies Co. (TSE:STC - Get Free Report) rose 1.5% during trading on Wednesday . The stock 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

STC has been the subject of several research reports. TD Securities decreased 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. Stifel Nicolaus set a C$12.00 price target on shares of Sangoma Technologies and gave the company a "buy" rating in a report on Thursday, May 22nd.

Get Our Latest Research Report on Sangoma Technologies

Sangoma Technologies Price Performance

The company has a debt-to-equity ratio of 27.33, a quick ratio of 0.69 and a current ratio of 0.86. The business's 50 day simple moving average is C$8.06 and its 200-day simple moving average is C$8.23. The stock has a market capitalization of C$209.71 million, a price-to-earnings ratio of -30.59 and a beta of 1.63.

Insider Transactions at Sangoma Technologies

In other news, insider Sangoma Technologies Corporation bought 126,264 shares of Sangoma Technologies stock in a transaction on Wednesday, April 30th. The stock was purchased at an average cost of C$6.78 per share, with a total value of C$856,069.92. 20.80% of the stock is owned by insiders.

About Sangoma Technologies

(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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