Gamma Communications (LON:GAMA) Shares Pass Above 50 Day Moving Average of $1,293.73

Gamma Communications plc (LON:GAMA)’s share price passed 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.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a report on Monday, March 25th.

Gamma Communications Price Performance

The company has a current ratio of 2.92, a quick ratio of 2.45 and a debt-to-equity ratio of 3.40. The firm has a 50 day moving average of GBX 1,293.73 and a two-hundred day moving average of GBX 1,164.88. The company has a market cap of £1.27 billion, a PE ratio of 2,389.09, a P/E/G ratio of 2.79 and a beta of 0.73.

Gamma Communications Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be issued a GBX 11.40 ($0.14) dividend. This is a positive change from Gamma Communications’s previous dividend of $5.70. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 0.84%. Gamma Communications’s dividend payout ratio (DPR) is presently 3,090.91%.

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.