TD Securities Forecasts Strong Price Appreciation for Sangoma Technologies (TSE:STC) Stock

Sangoma Technologies (TSE:STC) had its price objective upped by analysts at TD Securities from C$10.00 to C$12.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 31.87% from the company’s current price.

Sangoma Technologies Stock Up 0.3 %

Sangoma Technologies stock opened at C$9.10 on Thursday. Sangoma Technologies has a twelve month low of C$3.00 and a twelve month high of C$9.25. The company has a debt-to-equity ratio of 34.31, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market cap of C$305.21 million, a PE ratio of -25.28 and a beta of 1.63. The firm’s 50 day moving average price is C$6.85 and its two-hundred day moving average price is 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.