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

Sangoma Technologies Co. (TSE:STC) shares dropped 0.5% during trading on Thursday . The stock traded as low as C$5.92 and last traded at C$6.01. Approximately 8,015 shares were traded during trading, a decline of 65% from the average daily volume of 23,033 shares. The stock had previously closed at C$6.04.

Wall Street Analyst Weigh In

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

Sangoma Technologies Stock Performance

The business’s fifty day moving average price is C$6.38 and its 200-day moving average price is C$6.93. The stock has a market cap of C$199.63 million, a PE ratio of -35.35 and a beta of 1.09. 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.