Sangoma Technologies Co. (TSE:STC - Get Free Report) Senior Officer Nenad Corbic sold 1,200 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$8.80, for a total transaction of C$10,560.00.
Sangoma Technologies Stock Performance
TSE:STC opened at C$8.80 on Wednesday. The firm's 50 day moving average is C$7.53 and its two-hundred day moving average is C$5.24. The company has a market cap of C$295.15 million, a P/E ratio of -24.44 and a beta of 1.63. Sangoma Technologies Co. has a fifty-two week low of C$3.35 and a fifty-two week high of C$9.25. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 34.31.
Wall Street Analysts Forecast Growth
Separately, TD Securities raised their price target 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.
Check Out Our Latest Analysis on Sangoma Technologies
Sangoma Technologies Company Profile
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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.
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