Sangoma Technologies (CVE:STC) Trading Up 6.4%

Sangoma Technologies Co. (CVE:STC)’s share price traded up 6.4% on Friday . The company traded as high as C$4.00 and last traded at C$3.99. 92,846 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 292,342 shares. The stock had previously closed at C$3.75.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Securities raised shares of Sangoma Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from C$5.50 to C$6.50 in a research report on Friday, February 9th. Acumen Capital raised their target price on shares of Sangoma Technologies from C$7.00 to C$7.50 in a research report on Friday, February 9th.

Sangoma Technologies Trading Up 6.4 %

The business’s 50-day moving average price is C$3.99 and its 200 day moving average price is C$3.99. The company has a market cap of C$531.28 million and a P/E ratio of 997.50. The company has a debt-to-equity ratio of 23.80, a quick ratio of 0.69 and a current ratio of 0.97.

Sangoma Technologies (CVE:STC) last announced its quarterly earnings data on Thursday, February 8th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C($0.12) by C($0.02). The firm had revenue of C$84.79 million for the quarter, compared to the consensus estimate of C$87.86 million. As a group, analysts expect that Sangoma Technologies Co. will post 0.01 earnings per share for the current year.

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.