Sangoma Technologies (TSE:STC) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Sangoma Technologies Co. (TSE:STC)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, TD cut their target price on Sangoma Technologies from C$10.00 to C$8.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$9.70.

Sangoma Technologies Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 15.99. The firm’s 50-day moving average is C$5.58 and its 200-day moving average is C$5.59. The company has a market cap of C$170.39 million, a PE ratio of -26.95 and a beta of 1.12.

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.