TD Securities Lowers Sangoma Technologies (TSE:STC) Price Target to C$11.00

Sangoma Technologies (TSE:STC) had its target price trimmed by TD Securities from C$14.00 to C$11.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Sangoma Technologies Stock Up 0.6 %

Shares of Sangoma Technologies stock opened at C$7.95 on Wednesday. The firm has a market cap of C$190.75 million, a PE ratio of -27.82 and a beta of 1.63. The business’s 50 day simple moving average is C$6.86 and its 200 day simple moving average is C$8.44. The company has a debt-to-equity ratio of 27.33, a quick ratio of 0.69 and a current ratio of 0.86. Sangoma Technologies has a 52-week low of C$5.38 and a 52-week high of C$11.50.

Insider Activity at Sangoma Technologies

In other Sangoma Technologies news, insider Sangoma Technologies Corporation acquired 9,029 shares of the company’s stock in a transaction on Monday, March 31st. The shares were purchased at an average price of C$6.24 per share, for a total transaction of C$56,340.96. 20.80% of the stock is owned by insiders.

Sangoma Technologies Company Profile

Sangoma Technologies Corp is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications.