Gamma Communications (LON:GAMA) Trading 1.4% Higher – Here’s What Happened

Gamma Communications plc (LON:GAMA)’s share price rose 1.4% during mid-day trading on Wednesday . The stock traded as high as GBX 897 and last traded at GBX 841.49. 8,366,867 shares were traded during trading, an increase of 200% from the average daily volume of 2,790,171 shares. The stock had previously closed at GBX 829.50.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GAMA shares. Deutsche Bank Aktiengesellschaft dropped their price target on Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating on the stock in a research note on Friday, March 27th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,570 price target on shares of Gamma Communications in a research report on Tuesday, March 24th. Finally, Shore Capital Group restated a “buy” rating on shares of Gamma Communications in a research note on Wednesday, March 25th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Gamma Communications currently has a consensus rating of “Buy” and an average price target of GBX 1,538.

Gamma Communications Trading Up 1.4%

The firm has a 50-day moving average of GBX 920.07 and a 200-day moving average of GBX 890.02. The firm has a market capitalization of £755.32 million, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. 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 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.