Gamma Communications (LON:GAMA) Sets New 12-Month Low – Here’s Why

Gamma Communications plc (LON:GAMA) reached a new 52-week low on Tuesday . The company traded as low as GBX 687 and last traded at GBX 703, with a volume of 446214 shares traded. The stock had previously closed at GBX 701.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GAMA. Citigroup decreased their target price 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. Berenberg Bank restated a “buy” rating and issued a GBX 1,570 price target on shares of Gamma Communications in a research note on Tuesday, March 24th. Shore Capital Group reaffirmed a “buy” rating on shares of Gamma Communications in a report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating on the stock in a research report on Friday. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 1,538.

Gamma Communications Price Performance

The firm has a market cap of £656.70 million, a P/E ratio of 10.33, a P/E/G ratio of 2.79 and a beta of 0.65. The firm’s fifty day simple moving average is GBX 873.12 and its 200 day simple moving average is GBX 924.14. The company has a debt-to-equity ratio of 13.12, a quick ratio of 2.45 and a current ratio of 1.40.

Gamma Communications (LON:GAMA) last issued its 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%. As a group, analysts forecast that Gamma Communications plc will post 89.6398892 earnings per share 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.