Gamma Communications (LON:GAMA) Share Price Passes Above 50-Day Moving Average - What's Next?

Gamma Communications plc (LON:GAMA - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1,266.27 ($16.87) and traded as high as GBX 1,334 ($17.77). Gamma Communications shares last traded at GBX 1,334 ($17.77), with a volume of 647,747 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on GAMA. Shore Capital reiterated a "buy" rating on shares of Gamma Communications in a research note on Tuesday, March 25th. Berenberg Bank raised their target price on shares of Gamma Communications from GBX 1,900 ($25.32) to GBX 2,000 ($26.65) and gave the company a "buy" rating in a research note on Tuesday, April 8th.

Gamma Communications Stock Down 0.4 %

The business has a 50-day moving average price of GBX 1,263.35 and a 200-day moving average price of GBX 1,421.98. The stock has a market cap of £1.27 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08.

Gamma Communications (LON:GAMA - Get Free Report) last released 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%. As a group, analysts forecast that Gamma Communications plc will post 89.6398892 earnings per share for the current year.

Gamma Communications Increases Dividend

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