Sangoma Technologies (TSE:STC) Hits New 12-Month High – Still a Buy?

Sangoma Technologies Co. (TSE:STC) shares reached a new 52-week high on Thursday . The stock traded as high as C$10.72 and last traded at C$10.72, with a volume of 28309 shares traded. The stock had previously closed at C$10.29.

Wall Street Analyst Weigh In

Separately, TD Securities lifted 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.

Sangoma Technologies Stock Performance

The firm’s fifty day moving average is C$9.37 and its 200 day moving average is C$6.80. The firm has a market capitalization of C$352.84 million, a price-to-earnings ratio of -29.22 and a beta of 1.63. The company has a debt-to-equity ratio of 34.31, a current ratio of 0.95 and a quick ratio of 0.69.

Sangoma Technologies Company Profile

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.