Gamma Communications (LON:GAMA) Reaches New 12-Month Low - Should You Sell?

Key Points

• Gamma Communications shares hit a new 52-week low of GBX 1,056 ($14.11) during trading, indicating a potential downturn in stock performance.
• Despite the drop, Shore Capital has maintained a "buy" rating on the stock, suggesting confidence in its future performance.
• The company's financial metrics show a debt-to-equity ratio of 2.08 and a market capitalization of £1.04 billion, which may impact investor outlook and decisions.

Gamma Communications plc (LON:GAMA - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as GBX 1,056 ($14.20) and last traded at GBX 1,070 ($14.39), with a volume of 94901 shares trading hands. The stock had previously closed at GBX 1,070 ($14.39).

Analysts Set New Price Targets

Separately, Shore Capital restated a "buy" rating on shares of Gamma Communications in a report on Friday, May 2nd.

Gamma Communications Stock Performance

The firm has a fifty day moving average of GBX 1,123.61 and a 200-day moving average of GBX 1,223.83. The firm has a market cap of £1.05 billion, a P/E ratio of 18.72, a PEG ratio of 2.79 and a beta of 0.82. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08.

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.