Gamma Communications (LON:GAMA) Hits New 52-Week Low - Here's Why

Gamma Communications plc (LON:GAMA - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as GBX 1,095.86 ($15.04) and last traded at GBX 1,108 ($15.21), with a volume of 2552860 shares changing hands. The stock had previously closed at GBX 1,144 ($15.70).

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Berenberg Bank boosted their price target on shares of Gamma Communications from GBX 1,900 ($26.07) to GBX 2,000 ($27.45) and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Shore Capital restated a "buy" rating on shares of Gamma Communications in a research report on Friday, May 2nd.

Gamma Communications Price Performance

The firm has a market capitalization of £1.07 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08. The firm has a 50 day moving average price of GBX 1,220.65 and a 200-day moving average price of GBX 1,310.76.

Gamma Communications (LON:GAMA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported GBX 85.10 ($1.17) earnings per share (EPS) for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. On average, analysts expect that Gamma Communications plc will post 89.6398892 earnings per share for the current year.

Gamma Communications Company Profile

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.