Gamma Communications (LON:GAMA) Reaches New 52-Week Low - What's Next?

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 trading on Wednesday . The company traded as low as GBX 993.11 ($13.47) and last traded at GBX 1,024 ($13.88), with a volume of 1660939 shares traded. The stock had previously closed at GBX 1,064 ($14.43).

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Shore Capital restated a "buy" rating and set a GBX 1,500 price target on shares of Gamma Communications in a research note on Tuesday, September 9th. Berenberg Bank restated a "buy" rating and set a GBX 1,570 price target on shares of Gamma Communications in a research note on Tuesday, September 9th. Three analysts have rated the stock with a Buy rating, According to 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 firm has a market capitalization of £936.35 million, a price-to-earnings ratio of 1,411.11, a PEG ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. The firm has a 50 day moving average price of GBX 1,077.79 and a 200-day moving average price of GBX 1,175.17.

Gamma Communications (LON:GAMA - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The company reported GBX 48 earnings per share for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. As a group, sell-side analysts expect that Gamma Communications plc will post 89.6398892 earnings per share for the current fiscal 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.