Gamma Communications (LON:GAMA) Shares Cross Above 50-Day Moving Average – What’s Next?

Gamma Communications plc (LON:GAMA)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 1,570 target price on shares of Gamma Communications in a research report on Friday, October 17th. Citigroup dropped their price target on Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating for the company in a research note on Thursday, January 15th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 1,820 price objective on shares of Gamma Communications in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,572.50.

Gamma Communications Price Performance

The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08. The firm’s 50-day moving average price is GBX 913.60 and its 200-day moving average price is GBX 994.23. The stock has a market capitalization of £847.06 million, a PE ratio of 13.24, a PEG ratio of 2.79 and a beta of 0.82.

Insider Transactions at Gamma Communications

In related news, insider Martin Hellawell acquired 2,650 shares of the stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of GBX 945 per share, with a total value of £25,042.50. 4.44% of the stock is currently owned by company insiders.

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.