Gamma Communications (LON:GAMA) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Gamma Communications plc (LON:GAMA) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 911.31 and traded as high as GBX 913. Gamma Communications shares last traded at GBX 908.63, with a volume of 1,083,047 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup lowered their price target on shares of Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating on the stock in a report on Thursday, January 15th. 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. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,820 target price on shares of Gamma Communications in a report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,572.50.

Gamma Communications Stock Up 1.1%

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.45 and a current ratio of 2.78. The company’s fifty day moving average price is GBX 911.31 and its 200-day moving average price is GBX 986.03. The stock has a market cap of £837.50 million, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

Insider Activity

In other Gamma Communications news, insider Martin Hellawell bought 2,650 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average price of GBX 945 per share, with a total value of £25,042.50. 4.44% of the stock is owned by company insiders.

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.