Gamma Communications (LON:GAMA) Shares Cross Below 200-Day Moving Average - What's Next?

Key Points

• Gamma Communications shares have fallen below their 200-day moving average, with current trading around GBX 1,002 ($13.43) after a low of GBX 978 ($13.11).
• Analysts have set new price targets, with Shore Capital and Berenberg Bank both maintaining "buy" ratings and price targets of GBX 1,500 and GBX 1,570, respectively.
• The company reported an EPS of GBX 48 for the latest quarter, and analysts forecast a total of approximately 90 EPS for the current year.

Gamma Communications plc (LON:GAMA - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,139.07 ($15.27) and traded as low as GBX 978 ($13.11). Gamma Communications shares last traded at GBX 1,002 ($13.43), with a volume of 298,351 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Shore Capital restated a "buy" rating and issued a GBX 1,500 price target on shares of Gamma Communications in a research report on Tuesday, September 9th. Berenberg Bank restated a "buy" rating and issued a GBX 1,570 price target on shares of Gamma Communications in a research report on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 1,535.

Gamma Communications Stock Up 0.8%

The stock has a 50 day moving average price of GBX 1,038.89 and a 200 day moving average price of GBX 1,139.07. The stock has a market capitalization of £930.82 million, a price-to-earnings ratio of 1,455.33, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08.

Gamma Communications (LON:GAMA - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The company reported GBX 48 EPS for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. As a group, analysts forecast that Gamma Communications plc will post 89.6398892 EPS for the current year.

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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