Sangoma Technologies (CVE:STC) Trading 6.4% Higher

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. TD Securities increased their price target on shares of Sangoma Technologies from C$7.50 to C$8.00 in a research note on Thursday, May 9th. Cormark lifted their price target on Sangoma Technologies from C$10.00 to C$13.00 in a report on Thursday, May 9th.

Sangoma Technologies Price Performance

The company has a debt-to-equity ratio of 23.80, a quick ratio of 0.69 and a current ratio of 0.97. The stock has a market capitalization of C$531.28 million and a price-to-earnings ratio of 997.50. The company has a fifty day simple moving average of C$3.99 and a 200 day simple moving average of C$3.99.

Sangoma Technologies (CVE:STC) last announced its 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 the consensus estimate of C$82.42 million. Equities research analysts forecast that Sangoma Technologies Co. will post 0.01 EPS for the current fiscal year.

Insider Activity

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

Sangoma Technologies Company Profile

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.