Sangoma Technologies (TSE:STC) Reaches New 1-Year High – Time to Buy?

Sangoma Technologies Co. (TSE:STC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$9.29 and last traded at C$9.29, with a volume of 39511 shares changing hands. The stock had previously closed at C$8.96.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price objective on shares of Sangoma Technologies from C$10.00 to C$12.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Sangoma Technologies Stock Performance

The company’s 50 day simple moving average is C$8.42 and its 200 day simple moving average is C$5.70. The stock has a market cap of C$311.59 million, a price-to-earnings ratio of -24.89 and a beta of 1.63. The company has a debt-to-equity ratio of 34.31, a quick ratio of 0.69 and a current ratio of 0.95.

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.