Sangoma Technologies (TSE:STC) Sets New 52-Week High – What’s Next?

Sangoma Technologies Co. (TSE:STC) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$11.50 and last traded at C$11.11, with a volume of 19175 shares trading hands. The stock had previously closed at C$11.20.

Wall Street Analysts Forecast Growth

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

Sangoma Technologies Price Performance

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 business has a fifty day moving average price of C$9.64 and a 200-day moving average price of C$7.12. The stock has a market capitalization of C$367.93 million, a PE ratio of -30.47 and a beta of 1.63.

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.