Sangoma Technologies (TSE:STC) Stock Price Down 0.5% – What’s Next?

Sangoma Technologies Co. (TSE:STC) shares fell 0.5% on Thursday . The company traded as low as C$5.92 and last traded at C$6.01. 8,015 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 23,033 shares. The stock had previously closed at C$6.04.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their target price on shares of Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$10.13.

Sangoma Technologies Trading Down 0.5%

The stock has a market cap of C$199.63 million, a PE ratio of -35.35 and a beta of 1.09. The firm has a 50-day moving average price of C$6.38 and a 200-day moving average price of C$6.93. The company has a debt-to-equity ratio of 18.08, a quick ratio of 0.69 and a current ratio of 0.87.

About Sangoma Technologies

Sangoma (TSX: STC; Nasdaq: SANG) is a leading business communications platform provider with solutions that include its award-winning UCaaS, CCaaS, CPaaS, and Trunking technologies. The enterprise-grade communications suite is developed in-house; available for cloud, hybrid, or on-premises deployments. Additionally, Sangoma’s integrated approach provides managed services for connectivity, network, and security. A trusted communications partner with over 40 years on the market, Sangoma has over 2.7 million UC seats across a diversified base of over 100,000 customers.