Sangoma Technologies Corporation Buys 126,264 Shares of Sangoma Technologies Co. (TSE:STC) Stock

Sangoma Technologies Co. (TSE:STC) insider Sangoma Technologies Corporation purchased 126,264 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was acquired at an average cost of C$6.78 per share, with a total value of C$856,069.92.

Sangoma Technologies Corporation also recently made the following trade(s):

• On Monday, March 31st, Sangoma Technologies Corporation purchased 9,029 shares of Sangoma Technologies stock. The stock was acquired at an average cost of C$6.24 per share, with a total value of C$56,340.96.

Sangoma Technologies Price Performance

STC stock opened at C$7.90 on Monday. The company has a market capitalization of C$189.55 million, a P/E ratio of -27.65 and a beta of 1.63. Sangoma Technologies Co. has a twelve month low of C$5.80 and a twelve month high of C$11.50. The business has a 50 day simple moving average of C$6.88 and a 200-day simple moving average of C$8.45. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 27.33.

Analysts Set New Price Targets

Separately, TD Securities decreased their price objective 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.

About Sangoma Technologies

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.