Sangoma Technologies (TSE:STC) Reaches New 12-Month High – Here’s What Happened

Sangoma Technologies Co. (TSE:STC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$8.81 and last traded at C$8.67, with a volume of 6385 shares traded. The stock had previously closed at C$8.52.

Analysts Set New Price Targets

Separately, TD Securities increased their target price on Sangoma Technologies from C$8.00 to C$10.00 in a report on Thursday, September 19th.

Sangoma Technologies Price Performance

The company has a market capitalization of C$286.43 million, a price-to-earnings ratio of -23.67 and a beta of 1.63. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 34.31. The company’s 50 day simple moving average is C$6.56 and its 200-day simple moving average is C$4.89.

About Sangoma Technologies

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.