Gamma Communications (LON:GAMA) Reaches New 1-Year Low – Time to Sell?

Gamma Communications plc (LON:GAMA) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 886.05 and last traded at GBX 887.90, with a volume of 485670 shares traded. The stock had previously closed at GBX 911.

Wall Street Analysts Forecast Growth

GAMA has been the subject of several analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,570 target price on shares of Gamma Communications in a report on Friday, October 17th. Peel Hunt reissued a “buy” rating and issued a GBX 1,820 price objective on shares of Gamma Communications in a research note on Thursday, November 13th. Finally, Shore Capital restated a “buy” rating and set a GBX 1,500 price objective on shares of Gamma Communications in a research report on Tuesday, September 9th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Gamma Communications currently has a consensus rating of “Buy” and an average price target of GBX 1,630.

Gamma Communications Stock Performance

The business’s fifty day simple moving average is GBX 939.06 and its 200-day simple moving average is GBX 1,015.74. 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 firm has a market capitalization of £815.93 million, a PE ratio of 12.76, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

Insider Buying and Selling

In related news, insider Martin Hellawell purchased 2,650 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of GBX 945 per share, for a total transaction of £25,042.50. 4.44% of the stock is currently owned by 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.