Insider Buying: Sangoma Technologies Co. (CVE:STC) Senior Officer Buys 43,358 Shares of Stock

Sangoma Technologies Co. (CVE:STC) Senior Officer David Sidney Moore purchased 43,358 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of C$0.35 per share, for a total transaction of C$15,175.30. Following the completion of the purchase, the insider now directly owns 43,358 shares in the company, valued at approximately C$15,175.30.

CVE STC opened at C$1.65 on Tuesday. Sangoma Technologies Co. has a 1 year low of C$1.02 and a 1 year high of C$1.84. The company has a debt-to-equity ratio of 59.21, a quick ratio of 0.69 and a current ratio of 1.21. The company has a market capitalization of $85.17 million and a price-to-earnings ratio of 150.00.

A number of analysts recently commented on STC shares. Cormark upped their price target on shares of Sangoma Technologies from C$2.25 to C$2.40 in a research note on Friday, February 15th. Pi Financial upped their price target on shares of Sangoma Technologies from C$2.25 to C$2.60 in a research note on Tuesday, February 19th. Finally, Beacon Securities restated a “buy” rating on shares of Sangoma Technologies in a research note on Tuesday, May 28th.

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About Sangoma Technologies

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. It offers private branch exchange (PBX) platforms, including PBXact Cloud, a cloud based business communication platform; PBXact, an on-premise PBX phone systems; PBXact SaaS, software as a service; and FreePBX.

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