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

Key Points

• Gamma Communications reached a new 52-week low, trading at GBX 964 ($13.03), with a notable volume of 467,148 shares traded.
• Despite the drop in stock price, analysts from Berenberg Bank and Shore Capital have reaffirmed a "buy" rating with price targets of GBX 1,570 and GBX 1,500, respectively.
• The company recently reported an EPS of GBX 48 and has a positive outlook with forecasts of an average earnings per share of approximately GBX 89.64 for the current year.

Gamma Communications plc (LON:GAMA - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as GBX 958.75 ($12.96) and last traded at GBX 964 ($13.03), with a volume of 467148 shares traded. The stock had previously closed at GBX 982 ($13.27).

Wall Street Analysts Forecast Growth

GAMA has been the topic of a number of recent research reports. Berenberg Bank reissued a "buy" rating and set a GBX 1,570 price objective on shares of Gamma Communications in a research note on Tuesday, September 9th. Shore Capital reissued a "buy" rating and set a GBX 1,500 price objective on shares of Gamma Communications in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of GBX 1,535.

Gamma Communications Trading Up 0.8%

The company has a 50 day moving average price of GBX 1,063.78 and a 200 day moving average price of GBX 1,161.14. The firm has a market cap of £895.80 million, a price-to-earnings ratio of 1,350.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.45 and a current ratio of 2.78.

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

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.

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