Gamma Communications (LON:GAMA) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Gamma Communications plc (LON:GAMA)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 908.69 and traded as low as GBX 893. Gamma Communications shares last traded at GBX 907, with a volume of 229,662 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GAMA. Peel Hunt restated a “buy” rating and issued a GBX 1,820 price objective on shares of Gamma Communications in a report on Thursday, November 13th. Citigroup dropped 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 research note on Thursday, January 15th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,570 price target on shares of Gamma Communications in a report on Friday, October 17th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,572.50.

Gamma Communications Price Performance

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. The stock’s 50 day moving average price is GBX 908.69 and its two-hundred day moving average price is GBX 976.83. The firm has a market capitalization of £824.15 million, a price-to-earnings ratio of 12.93, a PEG ratio of 2.79 and a beta of 0.82.

Insiders Place Their Bets

In other news, insider Martin Hellawell bought 2,650 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of GBX 945 per share, with a total value of £25,042.50. 4.45% of the stock is currently owned by corporate insiders.

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.