Sangoma Technologies Co. (TSE:STC – Get Rating)'s stock price shot up 1.6% during trading on Thursday . The company traded as high as C$6.04 and last traded at C$5.75. 47,442 shares were traded during mid-day trading, an increase of 206% from the average session volume of 15,487 shares. The stock had previously closed at C$5.66.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on STC. Cormark set a C$20.00 price target on shares of Sangoma Technologies in a report on Monday, November 14th. William Blair reaffirmed a "buy" rating on shares of Sangoma Technologies in a report on Thursday, September 22nd. Finally, Acumen Capital lowered their price target on shares of Sangoma Technologies to C$15.00 in a report on Wednesday, September 28th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$18.75.
Get Sangoma Technologies alerts:Sangoma Technologies Trading Up 1.6 %
The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 39.99. The firm has a market cap of C$127.09 million and a P/E ratio of -7.19. The company's 50 day simple moving average is C$6.06 and its 200-day simple moving average is C$8.18.
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 voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.
Read More
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving '23 Growth
- Is Airbnb Setting Up To Rally 38%, As Analysts Are Forecasting?
- Does a Price Cut for Tesla Vehicles Mean the Same for TSLA Stock?
- Microsoft Layoffs Signal Layoffs for Other Tech Companies?
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.