Sangoma Technologies (TSE:STC) Stock Price Expected to Rise, TD Securities Analyst Says

Sangoma Technologies (TSE:STC) had its price objective raised by research analysts at TD Securities from C$10.00 to C$12.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 31.87% from the stock’s current price.

Sangoma Technologies Price Performance

Shares of STC opened at C$9.10 on Thursday. The company has a debt-to-equity ratio of 34.31, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market cap of C$305.21 million, a P/E ratio of -25.28 and a beta of 1.63. Sangoma Technologies has a 12 month low of C$3.00 and a 12 month high of C$9.25. The stock has a fifty day moving average price of C$6.85 and a 200 day moving average price of C$4.98.

About Sangoma Technologies

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.