TD Securities Boosts Sangoma Technologies (CVE:STC) Price Target to C$10.00

Sangoma Technologies (CVE:STC) had its price objective boosted by TD Securities from C$8.00 to C$10.00 in a research note published on Thursday morning, BayStreet.CA reports.

Sangoma Technologies Trading Up 6.4 %

Shares of Sangoma Technologies stock opened at C$3.99 on Thursday. The stock has a fifty day moving average price of C$3.99 and a 200-day moving average price of C$3.99. The company has a debt-to-equity ratio of 23.80, a current ratio of 0.97 and a quick ratio of 0.69. The firm has a market cap of C$531.28 million and a PE ratio of 997.50. Sangoma Technologies has a 1 year low of C$2.53 and a 1 year high of C$5.50.

Insiders Place Their Bets

In related news, Senior Officer Nenad Corbic sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$7.23, for a total value of C$25,291.00.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; and FAXStation, a fax-over-IP solution.