Sangoma Technologies Co. (CVE:STC – Get Rating)'s stock price rose 6.4% during trading on Monday . The stock traded as high as C$4.00 and last traded at C$3.99. Approximately 92,846 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 292,342 shares. The stock had previously closed at C$3.75.

Analyst Upgrades and Downgrades

STC has been the topic of a number of recent analyst reports. CIBC lowered their price objective on Sangoma Technologies from C$6.50 to C$6.00 in a research report on Wednesday, September 28th. TD Securities lowered their price target on Sangoma Technologies from C$17.50 to C$16.50 and set a "buy" rating on the stock in a report on Monday, November 14th. BMO Capital Markets cut their price objective on Sangoma Technologies from C$30.00 to C$20.00 in a report on Wednesday, September 28th. Acumen Capital lowered their target price on shares of Sangoma Technologies from C$20.00 to C$15.00 in a research note on Wednesday, September 28th. Finally, Cormark cut their price target on shares of Sangoma Technologies from C$25.00 to C$20.00 in a research note on Monday, November 14th.

Sangoma Technologies Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.69 and a debt-to-equity ratio of 23.80. The stock has a market capitalization of C$531.28 million and a PE ratio of 997.50. The business has a fifty day moving average price of C$3.99 and a 200-day moving average price of C$3.99.

Insider Transactions at Sangoma Technologies

In other Sangoma Technologies news, Senior Officer William Wignall bought 5,000 shares of Sangoma Technologies stock in a transaction that occurred on Monday, November 21st. The shares were bought at an average price of C$5.30 per share, with a total value of C$26,500.00. Following the acquisition, the insider now owns 291,832 shares in the company, valued at C$1,546,709.60.

Sangoma Technologies Company Profile

(Get Rating)

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; and FAXStation, a fax-over-IP solution.

Featured Articles

• Can We Trust The Rally In The S&P 500
• Energy Surge: Four Oil-And-Gas Stocks Setting Up In Bullish Bases
• One ETF Trading Strategy to Beat the Market in 2023
• Is Wayfair Still Way Cheap For Investors?
• When Does Pfizer Become A Bargain?

Receive News & Ratings for Sangoma Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sangoma Technologies and related companies with MarketBeat.com's FREE daily email newsletter.