Sangoma Technologies Co. (TSE:STC - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$10.24 and last traded at C$10.24, with a volume of 2728 shares trading hands. The stock had previously closed at C$10.14.
Analysts Set New Price Targets
Separately, TD Securities increased their price target on Sangoma Technologies from C$10.00 to C$12.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Check Out Our Latest Research Report on Sangoma Technologies
Sangoma Technologies Price Performance
The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 34.31. The firm has a 50-day moving average of C$9.21 and a 200 day moving average of C$6.58. The stock has a market capitalization of C$340.10 million, a price-to-earnings ratio of -28.17 and a beta of 1.63.
About Sangoma Technologies
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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.
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