Gamma Communications (LON:GAMA) Stock Price Up 1.4% – Still a Buy?

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

Analyst Upgrades and Downgrades

GAMA has been the subject of several analyst reports. Shore Capital Group reissued a “buy” rating on shares of Gamma Communications in a report on Wednesday, March 25th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,570 target price on shares of Gamma Communications in a research report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating for the company in a research note on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 1,538.

Gamma Communications Price Performance

The stock has a market cap of £802.01 million, a price-to-earnings ratio of 12.89, a PEG ratio of 2.79 and a beta of 0.89. The company’s 50 day moving average is GBX 918.80 and its 200 day moving average is GBX 889.53. The company has a debt-to-equity ratio of 13.12, a current ratio of 1.40 and a quick ratio of 2.45.

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.