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

Gamma Communications plc (LON:GAMA)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 958.44 and traded as low as GBX 898. Gamma Communications shares last traded at GBX 908, with a volume of 357,180 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on GAMA. Berenberg Bank reissued a “buy” rating and issued a GBX 1,570 price target on shares of Gamma Communications in a research note on Friday, October 17th. Shore Capital reissued a “buy” rating and issued a GBX 1,500 target price on shares of Gamma Communications in a research note on Tuesday, September 9th. Finally, Peel Hunt restated a “buy” rating and set a GBX 1,820 price target on shares of Gamma Communications in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Gamma Communications currently has an average rating of “Buy” and a consensus target price of GBX 1,630.

Gamma Communications Price Performance

The stock has a market cap of £825.38 million, a PE ratio of 12.90, a PEG ratio of 2.79 and a beta of 0.82. The business’s 50-day simple moving average is GBX 958.44 and its 200-day simple moving average is GBX 1,038.24. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08.

Insider Transactions at Gamma Communications

In other Gamma Communications news, insider Martin Hellawell purchased 2,650 shares of Gamma Communications stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of GBX 945 per share, for a total transaction 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.