Gamma Communications (LON:GAMA) Stock Passes Above 50 Day Moving Average – What’s Next?

Gamma Communications plc (LON:GAMA) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 911.31 and traded as high as GBX 913. Gamma Communications shares last traded at GBX 908.63, with a volume of 1,083,047 shares traded.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Citigroup decreased their price objective 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. Peel Hunt reissued a “buy” rating and set a GBX 1,820 target price on shares of Gamma Communications in a research note on Thursday, November 13th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,570 price target on shares of Gamma Communications in a research note on Friday, October 17th. Four investment 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 1,572.50.

Gamma Communications Trading Up 1.1%

The firm has a 50 day simple moving average of GBX 911.31 and a 200 day simple moving average of GBX 986.03. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of £837.50 million, a PE ratio of 13.09, a P/E/G ratio of 2.79 and a beta of 0.82.

Insider Buying and Selling at Gamma Communications

In other news, insider Martin Hellawell purchased 2,650 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average cost of GBX 945 per share, for a total transaction of £25,042.50. 4.44% of the stock is owned by insiders.

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.