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

Gamma Communications plc (LON:GAMA - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 1,078 ($14.47) and last traded at GBX 1,086 ($14.58), with a volume of 400918 shares trading hands. The stock had previously closed at GBX 1,108 ($14.87).

Analyst Ratings Changes

Several research analysts have recently weighed in on GAMA shares. Shore Capital reiterated a "buy" rating on shares of Gamma Communications in a research note on Friday, May 2nd. Berenberg Bank upped their price objective on shares of Gamma Communications from GBX 1,900 ($25.50) to GBX 2,000 ($26.85) and gave the company a "buy" rating in a report on Tuesday, April 8th.

Gamma Communications Price Performance

The business's 50 day moving average is GBX 1,157.57 and its two-hundred day moving average is GBX 1,261.10. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.45 and a current ratio of 2.78. The firm has a market capitalization of £1.06 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

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.