Gamma Communications (LON:GAMA) Stock Crosses Above 50-Day Moving Average – Here’s Why

Gamma Communications plc (LON:GAMA)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 848.24 and traded as high as GBX 951.40. Gamma Communications shares last traded at GBX 915.60, with a volume of 1,182,888 shares traded.

Analyst Ratings Changes

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

Gamma Communications Stock Performance

The company has a current ratio of 1.40, a quick ratio of 2.45 and a debt-to-equity ratio of 13.12. The company’s 50 day moving average is GBX 848.24 and its 200-day moving average is GBX 903.58. The company has a market capitalization of £833.45 million, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 2.79 and a beta of 0.78.

Gamma Communications (LON:GAMA) last released its quarterly earnings data on Tuesday, March 24th. The company reported GBX 69.50 earnings per share for the quarter. Gamma Communications had a net margin of 10.01% and a return on equity of 13.14%. Equities analysts anticipate that Gamma Communications plc will post 89.6398892 EPS for the current fiscal 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.