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

Key Points

• Gamma Communications reached a new 52-week low of GBX 1,066 ($14.24), with the stock last trading at GBX 1,080 ($14.43).
• Analysts have varying views on the stock; while Shore Capital maintained a "buy" rating, Berenberg Bank increased their target price from GBX 1,900 to GBX 2,000.
• Gamma Communications has a market capitalization of £1.03 billion and a current ratio of 2.78, indicating strong liquidity.

Gamma Communications plc (LON:GAMA - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,066 ($14.15) and last traded at GBX 1,080 ($14.34), with a volume of 503280 shares changing hands. The stock had previously closed at GBX 1,096 ($14.55).

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Berenberg Bank boosted their target price on shares of Gamma Communications from GBX 1,900 ($25.22) to GBX 2,000 ($26.55) and gave the company a "buy" rating in a research note on Tuesday, April 8th. Shore Capital reissued a "buy" rating on shares of Gamma Communications in a research note on Friday, May 2nd.

Gamma Communications Price Performance

The company has a market capitalization of £1.03 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.79 and a beta of 0.82. The business's 50-day simple moving average is GBX 1,134.73 and its 200 day simple moving average is GBX 1,234.03. The company has a current ratio of 2.78, a quick ratio of 2.45 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.