Gamma Communications (LON:GAMA) Hits New 1-Year Low - Here's What Happened

Key Points

• Gamma Communications plc's share price fell to a new 52-week low at GBX 993.11 ($13.43) during trading, with the last trade at GBX 1,024 ($13.85).
• Despite the recent drop, several analysts, including Berenberg Bank and Shore Capital, reaffirmed their "buy" ratings" with price targets of GBX 1,570 and GBX 1,500, respectively.
• The company reported earnings of GBX 48 per share for its last quarter, with an anticipated full-year EPS of approximately 89.64.

Gamma Communications plc (LON:GAMA - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 993.11 ($13.47) and last traded at GBX 1,024 ($13.89), with a volume of 1660939 shares traded. The stock had previously closed at GBX 1,064 ($14.43).

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Shore Capital reaffirmed a "buy" rating and set a GBX 1,500 price objective on shares of Gamma Communications in a report on Tuesday, September 9th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,570 price objective on shares of Gamma Communications in a report on Tuesday, September 9th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Gamma Communications presently has a consensus rating of "Buy" and a consensus price target of GBX 1,790.

Gamma Communications Stock Performance

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 stock's 50-day moving average is GBX 1,077.79 and its 200 day moving average is GBX 1,176.27. The firm has a market cap of £914.23 million, a P/E ratio of 1,377.78, a PEG ratio of 2.79 and a beta of 0.82.

Gamma Communications (LON:GAMA - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The company reported GBX 48 EPS for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. On average, research analysts predict that Gamma Communications plc will post 89.6398892 earnings per share for the current year.

About Gamma Communications

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.