Sangoma Technologies (TSE:STC) Shares Up 0.9% – Still a Buy?

Shares of Sangoma Technologies Co. (TSE:STC) shot up 0.9% on Monday . The company traded as high as C$8.14 and last traded at C$8.12. 3,665 shares were traded during mid-day trading, a decline of 83% from the average session volume of 21,711 shares. The stock had previously closed at C$8.05.

Analysts Set New Price Targets

Separately, TD Securities lifted their price objective on shares of Sangoma Technologies from C$8.00 to C$10.00 in a report on Thursday, September 19th.

Sangoma Technologies Stock Up 2.0 %

The firm’s 50-day moving average price is C$5.37 and its two-hundred day moving average price is C$4.47. The firm has a market cap of C$271.67 million, a PE ratio of -22.50 and a beta of 1.63. The company has a debt-to-equity ratio of 34.31, a quick ratio of 0.69 and a current ratio of 0.95.

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.