Sangoma Technologies Co. (TSE:STC - Get Free Report)'s stock price dropped 1% on Wednesday . The stock traded as low as C$7.77 and last traded at C$7.80. Approximately 2,425 shares were traded during trading, a decline of 92% from the average daily volume of 30,911 shares. The stock had previously closed at C$7.88.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. Stifel Nicolaus set a C$12.00 price target on Sangoma Technologies and gave the company a "buy" rating in a report on Thursday, May 22nd. 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.
Get Our Latest Research Report on STC
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 firm has a market capitalization of C$187.15 million, a P/E ratio of -27.30 and a beta of 1.63. The company has a 50-day moving average price of C$7.67 and a 200-day moving average price of C$8.32.
Insiders Place Their Bets
In other news, insider Sangoma Technologies Corporation purchased 126,264 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were purchased at an average price of C$6.78 per share, with a total value of C$856,069.92. Over the last ninety days, insiders have acquired 136,293 shares of company stock worth $920,911. Corporate insiders own 20.80% of the company's stock.
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.
Further Reading
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