Gamma Communications (LON:GAMA) Reaches New 1-Year Low - Here's Why

Gamma Communications plc (LON:GAMA - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 1,094 ($14.86) and last traded at GBX 1,096 ($14.89), with a volume of 323270 shares traded. The stock had previously closed at GBX 1,104 ($15.00).

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GAMA shares. Berenberg Bank increased their price target on Gamma Communications from GBX 1,900 ($25.81) to GBX 2,000 ($27.17) and gave the company a "buy" rating in a report on Tuesday, April 8th. Shore Capital reissued a "buy" rating on shares of Gamma Communications in a report on Friday, May 2nd.

Gamma Communications Stock Down 0.6%

The company has a market cap of £1.04 billion, a P/E ratio of 18.58, a P/E/G 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. The business's 50 day moving average is GBX 1,188.11 and its 200 day moving average is GBX 1,279.04.

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.