Gamma Communications (LON:GAMA) Stock Price Passes Below 50 Day Moving Average - Time to 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.

Shares of Gamma Communications plc (LON:GAMA - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,128.29 ($15.17) and traded as low as GBX 1,070 ($14.39). Gamma Communications shares last traded at GBX 1,070 ($14.39), with a volume of 436,801 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of Gamma Communications in a report on Friday, May 2nd.

Gamma Communications Stock Up 3.0%

The firm has a market capitalization of £1.05 billion, a P/E ratio of 18.72, a P/E/G ratio of 2.79 and a beta of 0.82. The stock has a fifty day moving average price of GBX 1,123.61 and a two-hundred day moving average price of GBX 1,223.83. 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 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.