Sangoma Technologies (TSE:STC) Sets New 1-Year High – Here’s Why

Sangoma Technologies Co. (TSE:STC) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$10.24 and last traded at C$10.24, with a volume of 2728 shares. The stock had previously closed at C$10.14.

Analyst Upgrades and Downgrades

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

Sangoma Technologies Stock Performance

The company’s fifty day moving average is C$9.17 and its 200-day moving average is C$6.56. 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 firm has a market capitalization of C$340.10 million, a P/E ratio of -28.17 and a beta of 1.63.

Sangoma Technologies Company Profile

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.