Sangoma Technologies (CVE:STC) Trading Up 6.4%

Sangoma Technologies Co. (CVE:STC) traded up 6.4% during mid-day trading on Tuesday . The stock traded as high as C$4.00 and last traded at C$3.99. 92,846 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 292,342 shares. The stock had previously closed at C$3.75.

Wall Street Analyst Weigh In

STC has been the subject of several analyst reports. Cormark boosted their target price on Sangoma Technologies from C$10.00 to C$13.00 in a research note on Thursday, May 9th. TD Securities raised their price objective on shares of Sangoma Technologies from C$7.50 to C$8.00 in a report on Thursday, May 9th.

Sangoma Technologies Trading Up 6.4 %

The company has a current ratio of 0.97, a quick ratio of 0.69 and a debt-to-equity ratio of 23.80. The firm has a market cap of C$531.28 million and a PE ratio of 997.50. The business has a fifty day moving average price of C$3.99 and a 200 day moving average price of C$3.99.

Sangoma Technologies (CVE:STC) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C($0.05) EPS for the quarter, beating the consensus estimate of C($0.07) by C$0.02. The company had revenue of C$82.30 million during the quarter, compared to analysts’ expectations of C$82.42 million. Analysts forecast that Sangoma Technologies Co. will post 0.01 EPS for the current year.

Insider Buying and Selling

In other Sangoma Technologies news, Senior Officer Nenad Corbic sold 3,500 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$7.23, for a total value 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.