Sangoma Technologies (TSE:STC) Trading Down 1.3% – What’s Next?

Shares of Sangoma Technologies Co. (TSE:STCGet Free Report) dropped 1.3% during trading on Thursday . The stock traded as low as C$6.30 and last traded at C$6.31. Approximately 7,070 shares changed hands during trading, a decline of 73% from the average daily volume of 26,365 shares. The stock had previously closed at C$6.39.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on Sangoma Technologies

Sangoma Technologies Price Performance

The company has a fifty day simple moving average of C$6.57 and a two-hundred day simple moving average of C$7.11. The company has a debt-to-equity ratio of 27.33, a quick ratio of 0.69 and a current ratio of 0.86. The stock has a market capitalization of C$209.27 million, a price-to-earnings ratio of -37.06 and a beta of 1.09.

About Sangoma Technologies

(Get Free Report)

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.

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