Shares of Sangoma Technologies Co. (TSE:STC – Get Rating) traded up 5.5% on Thursday . The stock traded as high as C$10.50 and last traded at C$10.50. 14,101 shares were traded during mid-day trading, a decline of 43% from the average session volume of 24,803 shares. The stock had previously closed at C$9.95.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Northland Securities reaffirmed a “buy” rating and issued a C$18.00 price objective on shares of Sangoma Technologies in a research note on Monday, May 30th. Cormark decreased their price objective on shares of Sangoma Technologies to C$26.00 in a research report on Monday, May 16th.
Sangoma Technologies Trading Down 2.9 %
The firm’s 50-day simple moving average is C$10.65. The company has a market cap of C$218.68 million and a P/E ratio of -12.75. The company has a current ratio of 0.70, a quick ratio of 0.43 and a debt-to-equity ratio of 32.24.
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; Asterisk and FreePBX, an open source IP PBX software; and FAXStation, a fax-over-IP solution.
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