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

Gamma Communications plc (LON:GAMA) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,140.89 ($15.24) and traded as low as GBX 1,066 ($14.24). Gamma Communications shares last traded at GBX 1,078 ($14.40), with a volume of 716,389 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GAMA shares. Berenberg Bank raised their target price on Gamma Communications from GBX 1,900 ($25.37) to GBX 2,000 ($26.71) and gave the company a “buy” rating in a research report on Tuesday, April 8th. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a research report on Friday, May 2nd.

Gamma Communications Trading Down 0.2%

The company has a market capitalization of £1.03 billion, a PE ratio of 18.35, a PEG ratio of 2.79 and a beta of 0.82. The company has a fifty day simple moving average of GBX 1,140.89 and a 200-day simple moving average of GBX 1,239.50. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08.

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.