Gamma Communications (LON:GAMA) Shares Pass Below 50 Day Moving Average – Should You Sell?

Gamma Communications plc (LON:GAMA) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 908.69 and traded as low as GBX 893. Gamma Communications shares last traded at GBX 907, with a volume of 229,662 shares changing hands.

Analysts Set New Price Targets

GAMA has been the subject of several research reports. Peel Hunt reissued a “buy” rating and set a GBX 1,820 price objective on shares of Gamma Communications in a research note on Thursday, November 13th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,570 target price on shares of Gamma Communications in a report on Friday, October 17th. Finally, Citigroup dropped their price target on Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 1,572.50.

Gamma Communications Trading Down 1.1%

The company has a market cap of £824.15 million, a PE ratio of 12.93, a PEG ratio of 2.79 and a beta of 0.82. 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 company has a 50 day simple moving average of GBX 908.69 and a two-hundred day simple moving average of GBX 976.83.

Insiders Place Their Bets

In related news, insider Martin Hellawell bought 2,650 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of GBX 945 per share, for a total transaction of £25,042.50. Corporate insiders own 4.45% 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.