Insider Buying: Sangoma Technologies Co. (CVE:STC) Director Buys C$67,998.00 in Stock

Sangoma Technologies Co. (CVE:STCGet Free Report) Director Allan Brett acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of C$3.40 per share, for a total transaction of C$67,998.00.

Sangoma Technologies Trading Up 6.4 %

Shares of Sangoma Technologies stock opened at C$3.99 on Monday. The stock has a market cap of C$531.28 million and a P/E ratio of 997.50. The stock’s 50 day simple moving average is C$3.99 and its 200-day simple moving average is C$3.99. Sangoma Technologies Co. has a 1-year low of C$2.53 and a 1-year high of C$5.50. The company has a debt-to-equity ratio of 23.80, a current ratio of 0.97 and a quick ratio of 0.69.

Sangoma Technologies (CVE:STCGet Free Report) last released its quarterly earnings data on Wednesday, September 27th. The company reported C($0.05) EPS for the quarter, beating analysts’ consensus estimates of C($0.06) by C$0.01. The business had revenue of C$85.54 million during the quarter, compared to analyst estimates of C$84.72 million. Analysts predict that Sangoma Technologies Co. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on STC. Acumen Capital lowered their price objective on Sangoma Technologies from C$10.00 to C$8.00 and set a “buy” rating on the stock in a report on Thursday, September 28th. TD Securities lowered their target price on Sangoma Technologies from C$7.00 to C$5.50 and set a “hold” rating on the stock in a report on Thursday, November 9th. Finally, Cormark lowered their target price on Sangoma Technologies from C$11.50 to C$10.50 in a report on Thursday, November 9th.

Get Our Latest Report on STC

Sangoma Technologies Company Profile

(Get Free Report)

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; and FAXStation, a fax-over-IP solution.

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