Gamma Communications (LON:GAMA) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

Gamma Communications plc (LON:GAMA - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1,153.33 ($15.58) and traded as low as GBX 1,093.99 ($14.78). Gamma Communications shares last traded at GBX 1,098 ($14.83), with a volume of 1,157,713 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GAMA shares. Shore Capital reiterated a "buy" rating on shares of Gamma Communications in a research note on Friday, May 2nd. Berenberg Bank raised their target price on shares of Gamma Communications from GBX 1,900 ($25.67) to GBX 2,000 ($27.02) and gave the company a "buy" rating in a research note on Tuesday, April 8th.

Gamma Communications Trading Up 1.1%

The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08. The company has a market cap of £1.05 billion, a P/E ratio of 18.79, a PEG ratio of 2.79 and a beta of 0.82. The firm's 50 day moving average is GBX 1,146.21 and its two-hundred day moving average is GBX 1,248.84.

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.