Gamma Communications (LON:GAMA) Stock Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Gamma Communications shares have risen above their fifty day moving average, trading as high as GBX 1,026.01 ($13.66).
• Analysts from Berenberg Bank and Shore Capital have set price targets for the stock at GBX 1,570 and GBX 1,500 respectively, maintaining a "buy" rating.
• The company reported a net margin of 10.29% and a return on equity of 16.09%, with an earnings per share forecast of 89.64 for the current year.

Gamma Communications plc (LON:GAMA - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1,019.87 ($13.58) and traded as high as GBX 1,026.01 ($13.66). Gamma Communications shares last traded at GBX 1,013.56 ($13.49), with a volume of 227,223 shares.

Analysts Set New Price Targets

Several research firms have recently weighed in on GAMA. Berenberg Bank reiterated a "buy" rating and set a GBX 1,570 price objective on shares of Gamma Communications in a research report on Friday, October 17th. Shore Capital restated a "buy" rating and issued a GBX 1,500 price target on shares of Gamma Communications in a report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Gamma Communications presently has a consensus rating of "Buy" and a consensus price target of GBX 1,535.

Gamma Communications Price Performance

The firm has a market capitalization of £934.10 million, a price-to-earnings ratio of 14.60, a PEG ratio of 2.79 and a beta of 0.82. The business's fifty day simple moving average is GBX 1,019.87 and its 200 day simple moving average is GBX 1,120.27. 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 (LON:GAMA - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The company reported GBX 48 earnings per share (EPS) for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. On average, research 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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