Gamma Communications (LON:GAMA) Share Price Passes Above 50-Day Moving Average of $1,295.16

Gamma Communications plc (LON:GAMA)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,295.16 ($16.27) and traded as high as GBX 1,360 ($17.09). Gamma Communications shares last traded at GBX 1,344 ($16.88), with a volume of 263,198 shares changing hands.

Analyst Upgrades and Downgrades

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

Gamma Communications Stock Up 0.1 %

The firm has a market cap of £1.31 billion, a price-to-earnings ratio of 2,443.64, a price-to-earnings-growth ratio of 2.79 and a beta of 0.73. The stock has a 50-day moving average of GBX 1,295.16 and a 200-day moving average of GBX 1,182.05. The company has a current ratio of 2.92, a quick ratio of 2.45 and a debt-to-equity ratio of 3.40.

Gamma Communications Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be issued a dividend of GBX 11.40 ($0.14) per share. This is an increase 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 payout ratio is 3,090.91%.

Insider Transactions at Gamma Communications

In related news, insider Andrew Belshaw sold 16,015 shares of Gamma Communications stock in a transaction dated Monday, April 29th. The shares were sold at an average price of GBX 1,313 ($16.49), for a total value of £210,276.95 ($264,167.02). Insiders own 3.68% of the company’s stock.

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.