Gamma Communications plc (LON:GAMA - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,293.73 ($16.11) and traded as high as GBX 1,334 ($16.61). Gamma Communications shares last traded at GBX 1,314 ($16.36), with a volume of 134,221 shares changing hands.
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a "buy" rating on shares of Gamma Communications in a research note on Monday, March 25th.
Check Out Our Latest Research Report on Gamma Communications
Gamma Communications Price Performance
The company has a market cap of £1.29 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.73. The company has a debt-to-equity ratio of 3.40, a quick ratio of 2.45 and a current ratio of 2.92. The stock has a 50 day moving average of GBX 1,296.13 and a 200-day moving average of GBX 1,165.92.
Gamma Communications Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a dividend of GBX 11.40 ($0.14) per share. The ex-dividend date is Thursday, May 30th. This is a boost from Gamma Communications's previous dividend of $5.70. This represents a dividend yield of 0.84%. Gamma Communications's dividend payout ratio (DPR) is 3,090.91%.
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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