TD Securities Raises Sangoma Technologies (CVE:STC) Price Target to C$10.00

Sangoma Technologies (CVE:STC) had its price target lifted by research analysts at TD Securities from C$8.00 to C$10.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 150.63% from the company’s current price.

Sangoma Technologies Trading Up 6.4 %

Sangoma Technologies stock opened at C$3.99 on Thursday. The company has a debt-to-equity ratio of 23.80, a quick ratio of 0.69 and a current ratio of 0.97. Sangoma Technologies has a fifty-two week low of C$2.53 and a fifty-two week high of C$5.50. The stock has a market cap of C$531.28 million and a P/E ratio of 997.50. The firm’s fifty day moving average price is C$3.99 and its 200-day moving average price is C$3.99.

Insiders Place Their Bets

In other news, Senior Officer Nenad Corbic sold 3,500 shares of Sangoma Technologies stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$7.23, for a total transaction of C$25,291.00.

About Sangoma Technologies

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.