Gamma Communications (LON:GAMA) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Gamma Communications plc (LON:GAMA) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 854.46 and traded as high as GBX 945. Gamma Communications shares last traded at GBX 928.70, with a volume of 1,488,950 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on GAMA shares. Deutsche Bank Aktiengesellschaft reduced their target price on Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating on the stock in a report on Friday, March 27th. Citigroup reduced their target price on Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating on the stock in a report on Thursday, January 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,570 target price on shares of Gamma Communications in a report on Tuesday, March 24th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Gamma Communications in a report on Wednesday, March 25th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,538.

Gamma Communications Price Performance

The company has a 50 day simple moving average of GBX 858.23 and a 200-day simple moving average of GBX 897.72. The stock has a market cap of £915.17 million, a price-to-earnings ratio of 14.56, a P/E/G ratio of 2.79 and a beta of 0.88. The company has a current ratio of 1.40, a quick ratio of 2.45 and a debt-to-equity ratio of 13.12.

Gamma Communications (LON:GAMA) last released 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%. Research analysts expect that Gamma Communications plc will post 89.6398892 EPS for the current 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.