Sangoma Technologies (TSE:STC) Price Target Raised to C$12.00

Sangoma Technologies (TSE:STC) had its price target lifted by analysts at TD Securities from C$10.00 to C$12.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 32.45% from the company’s current price.

Sangoma Technologies Price Performance

STC stock traded up C$0.52 during midday trading on Thursday, reaching C$9.06. 32,385 shares of the company’s stock traded hands, compared to its average volume of 21,352. The company has a 50-day simple moving average of C$6.65 and a two-hundred day simple moving average of C$4.92. 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 company has a market cap of C$303.87 million, a price-to-earnings ratio of -25.00 and a beta of 1.63. Sangoma Technologies has a 1-year low of C$3.00 and a 1-year high of C$9.06.

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.