Gamma Communications (LON:GAMA) Sets New 52-Week Low - Should You Sell?

Key Points

• Gamma Communications hit a new 52-week low, trading as low as GBX 855 (last GBX 856.35) during mid-day with shares down about 2% and below the 50-day (GBX 896.11) and 200-day (GBX 947.39) moving averages.
• Analysts remain broadly positive with four Buy ratings and a consensus target of GBX 1,572.50, although Citigroup trimmed its target to GBX 1,400 while Peel Hunt keeps a GBX 1,820 target.
• Key financials: market capitalization £781.44m, P/E 12.29, PEG 2.79, debt-to-equity 17.72, current ratio 1.22 and quick ratio 2.45.

Gamma Communications plc (LON:GAMA - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 855 and last traded at GBX 856.35, with a volume of 26737 shares. The stock had previously closed at GBX 870.

Analyst Upgrades and Downgrades

GAMA has been the topic of several analyst reports. Citigroup decreased their target price on shares of Gamma Communications from GBX 1,420 to GBX 1,400 and set a "buy" rating on the stock in a research note on Thursday, January 15th. Peel Hunt reissued a "buy" rating and set a GBX 1,820 price target on shares of Gamma Communications in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 1,572.50.

Gamma Communications Stock Down 2.0%

The company has a debt-to-equity ratio of 17.72, a current ratio of 1.22 and a quick ratio of 2.45. The stock has a market capitalization of £781.44 million, a PE ratio of 12.29, a PEG ratio of 2.79 and a beta of 0.65. The company has a 50 day moving average price of GBX 896.11 and a 200-day moving average price of GBX 947.39.

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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