Gamma Communications (LON:GAMA) Sets New 12-Month Low – Here’s What Happened

Gamma Communications plc (LON:GAMA) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 743 and last traded at GBX 745.60, with a volume of 1985784 shares trading hands. The stock had previously closed at GBX 832.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GAMA shares. Citigroup cut their price objective 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. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,570 target price on shares of Gamma Communications in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Gamma Communications has a consensus rating of “Buy” and a consensus price target of GBX 1,572.50.

Gamma Communications Price Performance

The stock has a market capitalization of £683.05 million, a price-to-earnings ratio of 10.74, a P/E/G ratio of 2.79 and a beta of 0.65. The company has a quick ratio of 2.45, a current ratio of 1.22 and a debt-to-equity ratio of 17.72. The business has a 50-day simple moving average of GBX 887.80 and a two-hundred day simple moving average of GBX 932.78.

Gamma Communications (LON:GAMA) last issued its quarterly earnings results on Tuesday, March 24th. The company reported GBX 69.50 earnings per share (EPS) for the quarter. Gamma Communications had a return on equity of 13.77% and a net margin of 11.03%. As a group, research analysts predict that Gamma Communications plc will post 89.6398892 earnings per share for the current fiscal year.

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.