Sangoma Technologies (TSE:STC) Hits New 52-Week High – Time to Buy?

Sangoma Technologies Co. (TSE:STC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$10.72 and last traded at C$10.72, with a volume of 28309 shares trading hands. The stock had previously closed at C$10.29.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their price objective on Sangoma Technologies from C$10.00 to C$12.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Sangoma Technologies Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 34.31. The firm has a market cap of C$352.84 million, a P/E ratio of -29.22 and a beta of 1.63. The stock’s 50-day moving average is C$9.37 and its 200-day moving average is C$6.80.

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.