Sangoma Technologies Co. (TSE:STC - Get Free Report)'s stock price traded up 1.5% during trading on Wednesday . The stock traded as high as C$8.80 and last traded at C$8.74. 7,519 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 29,239 shares. The stock had previously closed at C$8.61.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. TD Securities cut their price target on 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 target price on Sangoma Technologies and gave the stock a "buy" rating in a research note on Thursday, May 22nd.
Read Our Latest Report on Sangoma Technologies
Sangoma Technologies Trading Down 3.6%
The company has a 50 day simple moving average of C$8.08 and a 200 day simple moving average of C$8.20. 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 stock has a market capitalization of C$198.19 million, a PE ratio of -28.91 and a beta of 1.63.
Insider Buying and Selling at Sangoma Technologies
In other news, insider Sangoma Technologies Corporation bought 126,264 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were acquired 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 currently owned by corporate insiders.
About Sangoma Technologies
(
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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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