Sangoma Technologies (TSE:STC) Reaches New 12-Month High – Should You Buy?

Sangoma Technologies Co. (TSE:STC) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$10.23 and last traded at C$9.95, with a volume of 19650 shares trading hands. The stock had previously closed at C$10.00.

Wall Street Analyst Weigh In

Separately, TD Securities raised their target price on shares of Sangoma Technologies from C$10.00 to C$12.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Sangoma Technologies Stock Performance

The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 34.31. The stock has a fifty day moving average of C$8.78 and a 200-day moving average of C$6.13. The firm has a market capitalization of C$336.07 million, a P/E ratio of -27.83 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.