Sangoma Technologies (TSE:STC) Sets New 1-Year High – Here’s What Happened

Posted by Lisa Durand on Dec 25th, 2024

Sangoma Technologies Co. (TSE:STC – Get Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$10.23 and last traded at C$9.95, with a volume of 19650 shares changing hands. The stock had previously closed at C$10.00.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price 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.

Check Out Our Latest Research Report on Sangoma Technologies

Sangoma Technologies Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 34.31. The business has a fifty day moving average of C$8.78 and a 200 day moving average of C$6.13. The firm has a market cap of C$336.07 million, a P/E ratio of -27.83 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.