Gamma Communications (LON:GAMA) Shares Down 0.5% - Should You Sell?

Gamma Communications plc (LON:GAMA - Get Free Report)'s share price fell 0.5% during mid-day trading on Wednesday . The stock traded as low as GBX 1,274 ($16.94) and last traded at GBX 1,304 ($17.34). 1,040,871 shares traded hands during trading, an increase of 53% from the average session volume of 681,995 shares. The stock had previously closed at GBX 1,310 ($17.42).

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Shore Capital reaffirmed a "buy" rating on shares of Gamma Communications in a research note on Friday, May 2nd. Berenberg Bank raised their price target on Gamma Communications from GBX 1,900 ($25.27) to GBX 2,000 ($26.60) and gave the stock a "buy" rating in a research report on Tuesday, April 8th.

Gamma Communications Stock Performance

The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08. The company has a 50 day simple moving average of GBX 1,257.31 and a 200 day simple moving average of GBX 1,393.93. The stock has a market capitalization of £1.12 billion, a PE ratio of 20.05, a P/E/G ratio of 2.79 and a beta of 0.82.

Gamma Communications (LON:GAMA - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported GBX 85.10 ($1.13) earnings per share (EPS) for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. Analysts predict that Gamma Communications plc will post 89.6398892 earnings per share for the current fiscal year.

Gamma Communications Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, May 29th will be issued a dividend of GBX 13 ($0.17) per share. This is an increase from Gamma Communications's previous dividend of $6.50. The ex-dividend date of this dividend is Thursday, May 29th. This represents a yield of 1.03%. Gamma Communications's dividend payout ratio is presently 30.70%.

About Gamma Communications

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.