Gamma Communications (LON:GAMA) Sets New 52-Week 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) reached a new 52-week low on Tuesday . The company traded as low as GBX 1,066 ($14.24) and last traded at GBX 1,080 ($14.43), with a volume of 503280 shares. The stock had previously closed at GBX 1,096 ($14.64).

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Shore Capital reissued a "buy" rating on shares of Gamma Communications in a research report on Friday, May 2nd. Berenberg Bank increased their target price on shares of Gamma Communications from GBX 1,900 ($25.38) to GBX 2,000 ($26.72) and gave the stock a "buy" rating in a research note on Tuesday, April 8th.

Gamma Communications Stock Performance

The company has a market capitalization of £1.03 billion, a PE ratio of 18.38, a PEG ratio of 2.79 and a beta of 0.82. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08. The firm's 50-day simple moving average is GBX 1,143.13 and its 200-day simple moving average is GBX 1,240.63.

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.

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