Sangoma Technologies (TSE:STC) Given New C$12.00 Price Target at TD Securities

Sangoma Technologies (TSE:STC) had its price objective lifted by TD Securities from C$10.00 to C$12.00 in a research report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Sangoma Technologies Stock Up 2.0 %

Shares of Sangoma Technologies stock traded up C$0.18 on Thursday, reaching C$9.25. 20,825 shares of the company were exchanged, compared to its average volume of 21,374. Sangoma Technologies has a one year low of C$3.00 and a one year high of C$9.25. The company has a 50-day moving average of C$6.75 and a 200 day moving average of C$4.95. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 34.31. The company has a market capitalization of C$310.25 million, a price-to-earnings ratio of -25.19 and a beta of 1.63.

About Sangoma Technologies

Sangoma Technologies Corporation, together with its subsidiaries, develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally. The company offers communications platforms comprising pure cloud and hybrid unified communications as a service, and on-premises systems; retail and wholesale SIP trunking, as well as fax as a service; Sangoma TeamHub, a unified communications and collaboration platform for business productivity; Sangoma Meet, a multi-party video conferencing platform; and Sangoma CX, a cloud-native contact center suite that enables businesses to manage inbound interactions across multiple channels.