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

Shares of Gamma Communications plc (LON:GAMA) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 913.60 and traded as high as GBX 919. Gamma Communications shares last traded at GBX 919, with a volume of 450,955 shares.

Analysts Set New Price Targets

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

Gamma Communications Trading Up 0.1%

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. The business’s fifty day simple moving average is GBX 912.72 and its 200 day simple moving average is GBX 991.94. The stock has a market cap of £847.98 million, a price-to-earnings ratio of 13.26, a P/E/G ratio of 2.79 and a beta of 0.82.

Insider Buying and Selling at Gamma Communications

In other Gamma Communications news, insider Martin Hellawell bought 2,650 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of GBX 945 per share, with a total value of £25,042.50. 4.44% of the stock is currently owned by corporate insiders.

Gamma Communications Company Profile

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.