Sangoma Technologies (TSE:STC) Hits New 1-Year High – Here’s Why

Sangoma Technologies Co. (TSE:STC) shares hit a new 52-week high on Wednesday . The company traded as high as C$10.24 and last traded at C$10.24, with a volume of 2728 shares changing hands. The stock had previously closed at C$10.14.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on Sangoma Technologies from C$10.00 to C$12.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Sangoma Technologies Stock Performance

The company has a debt-to-equity ratio of 34.31, a quick ratio of 0.69 and a current ratio of 0.95. The company has a market cap of C$342.11 million, a price-to-earnings ratio of -28.33 and a beta of 1.63. The company’s fifty day moving average is C$9.24 and its two-hundred day moving average is C$6.61.

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.