Stifel Nicolaus Reiterates “C$12.00” Price Target for Sangoma Technologies (TSE:STC)

Stifel Nicolaus set a C$12.00 price objective 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 decreased their price objective 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 Price Performance

Shares of Sangoma Technologies stock opened at C$8.24 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 27.33. The firm has a market cap of C$197.71 million, a PE ratio of -28.84 and a beta of 1.63. Sangoma Technologies has a 12-month low of C$5.80 and a 12-month high of C$11.50. The company’s fifty day simple moving average is C$6.98 and its two-hundred day simple moving average is C$8.45.

Insider Buying and Selling at Sangoma Technologies

In related news, insider Sangoma Technologies Corporation acquired 9,029 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of C$6.24 per share, for a total transaction of C$56,340.96. 20.80% of the stock is owned by corporate insiders.

About Sangoma Technologies

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.