Gamma Communications (LON:GAMA) Share Price Passes Below Fifty Day Moving Average - Should You Sell?

Key Points

• Gamma Communications shares have recently traded below their 50-day moving average of GBX 1,128.29, closing at GBX 1,070 ($14.29).
• Despite this drop, Shore Capital has maintained a "buy" rating for the company's stock.
• The company's financial ratios include a debt-to-equity ratio of 2.08 and a market capitalization of £1.03 billion.

Gamma Communications plc (LON:GAMA - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,128.29 ($15.07) and traded as low as GBX 1,070 ($14.29). Gamma Communications shares last traded at GBX 1,070 ($14.29), with a volume of 436,801 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "buy" rating on shares of Gamma Communications in a research note on Friday, May 2nd.

Gamma Communications Stock Up 0.9%

The firm's 50-day moving average price is GBX 1,128.29 and its 200 day moving average price is GBX 1,228.75. The firm has a market capitalization of £1.03 billion, a price-to-earnings ratio of 18.42, 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 current ratio of 2.78 and a quick ratio of 2.45.

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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