Gamma Communications (LON:GAMA) Shares Pass Above 50-Day Moving Average – Here’s Why

Gamma Communications plc (LON:GAMA)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 879.85 and traded as high as GBX 984. Gamma Communications shares last traded at GBX 984, with a volume of 642,160 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently commented on GAMA. Shore Capital Group reissued a “buy” rating on shares of Gamma Communications in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft dropped their price target on Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating for the company in a research note on Friday, March 27th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 1,570 price target on shares of Gamma Communications in a research note on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 1,538.

Gamma Communications Price Performance

The company has a current ratio of 1.40, a quick ratio of 2.45 and a debt-to-equity ratio of 13.12. The stock has a market capitalization of £892.50 million, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 2.79 and a beta of 0.88. The stock has a 50 day moving average of GBX 879.85 and a 200-day moving average of GBX 896.05.

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 13.14% and a net margin of 10.01%. On average, equities research analysts anticipate that Gamma Communications plc will post 89.6398892 earnings per share for the current fiscal year.

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.