Sangoma Technologies (TSE:STC) Hits New 1-Year High – Still a Buy?

Sangoma Technologies Co. (TSE:STC)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$9.49 and last traded at C$9.45, with a volume of 4968 shares trading hands. The stock had previously closed at C$9.34.

Analyst Ratings Changes

Separately, TD Securities increased their price target on shares of Sangoma Technologies from C$10.00 to C$12.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Sangoma Technologies Price Performance

The stock has a fifty day moving average of C$8.59 and a two-hundred day moving average of C$5.93. The stock has a market cap of C$317.96 million, a price-to-earnings ratio of -26.33 and a beta of 1.63. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 34.31.

About Sangoma Technologies

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.