Sangoma Technologies Co. (TSE:STC – Get Free Report)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$5.58 and traded as low as C$5.06. Sangoma Technologies shares last traded at C$5.12, with a volume of 16,901 shares.
Analyst Upgrades and Downgrades
Separately, TD reduced their price target on shares of Sangoma Technologies from C$10.00 to C$8.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$9.70.
Read Our Latest Research Report on Sangoma Technologies
Sangoma Technologies Price Performance
Sangoma Technologies Company Profile
Sangoma (TSX: STC; Nasdaq: SANG) is a leading business communications platform provider with solutions that include its award-winning UCaaS, CCaaS, CPaaS, and Trunking technologies. The enterprise-grade communications suite is developed in-house; available for cloud, hybrid, or on-premises deployments. Additionally, Sangoma’s integrated approach provides managed services for connectivity, network, and security. A trusted communications partner with over 40 years on the market, Sangoma has over 2.7 million UC seats across a diversified base of over 100,000 customers.
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