Gamma Communications (LON:GAMA) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Key Points

• Gamma Communications shares crossed above their 50-day moving average, trading at GBX 1,106 ($14.95) with significant volume.
• Shore Capital reaffirmed a "buy" rating" for the stock, which has a consensus target price of GBX 2,150.
• The company has a market cap of £1.06 billion and a P/E ratio of 18.86, indicating favorable financial metrics for potential investors.

Gamma Communications plc (LON:GAMA - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,104.21 ($14.89) and traded as high as GBX 1,106 ($14.91). Gamma Communications shares last traded at GBX 1,106 ($14.91), with a volume of 231,916 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "buy" rating on shares of Gamma Communications in a report on Friday, May 2nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 2,150.

Gamma Communications Trading Up 1.3%

The firm has a fifty day simple moving average of GBX 1,101.94 and a two-hundred day simple moving average of GBX 1,204.42. The stock has a market cap of £1.04 billion, a PE ratio of 18.62, 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.

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.