Shares of Gamma Communications plc (LON:GAMA - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,140.89 ($15.14) and traded as low as GBX 1,066 ($14.15). Gamma Communications shares last traded at GBX 1,078 ($14.31), with a volume of 716,389 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently commented on GAMA shares. Shore Capital reiterated a "buy" rating on shares of Gamma Communications in a report on Friday, May 2nd. Berenberg Bank upped their price target on Gamma Communications from GBX 1,900 ($25.22) to GBX 2,000 ($26.55) and gave the company a "buy" rating in a research note on Tuesday, April 8th.
Get Our Latest Research Report on Gamma Communications
Gamma Communications Trading Down 1.1%
The company has a fifty day simple moving average of GBX 1,134.73 and a two-hundred day simple moving average of GBX 1,234.03. 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 stock has a market capitalization of £1.03 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.
About Gamma Communications
(
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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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