Sangoma Technologies (TSE:STC) PT Set at C$12.00 by Stifel Nicolaus

Stifel Nicolaus set a C$12.00 target price on Sangoma Technologies (TSE:STC) in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, TD Securities reduced their price target on Sangoma Technologies from C$14.00 to C$11.00 and set a “buy” rating for the company in a report on Wednesday, April 30th.

Sangoma Technologies Trading Up 3.7%

Shares of STC opened at C$8.38 on Tuesday. The company has a market capitalization of C$201.07 million, a P/E ratio of -29.33 and a beta of 1.63. Sangoma Technologies has a one year low of C$5.80 and a one year high of C$11.50. The company has a debt-to-equity ratio of 27.33, a quick ratio of 0.69 and a current ratio of 0.86. The stock has a 50-day moving average price of C$6.92 and a 200 day moving average price of C$8.45.

Insider Buying and Selling at Sangoma Technologies

In other news, insider Sangoma Technologies Corporation acquired 9,029 shares of the business’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 currently 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.