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

Gamma Communications plc (LON:GAMA) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1,610.71 ($20.91) and traded as high as GBX 1,616 ($20.98). Gamma Communications shares last traded at GBX 1,604 ($20.83), with a volume of 271,063 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on GAMA. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gamma Communications from GBX 2,250 ($29.21) to GBX 2,300 ($29.86) and gave the stock a “buy” rating in a research report on Monday, September 16th.

Gamma Communications Price Performance

The stock has a market capitalization of £1.54 billion, a P/E ratio of 2,765.52, a PEG ratio of 2.79 and a beta of 0.82. The company has a 50 day moving average of GBX 1,610.71 and a 200-day moving average of GBX 1,481.71. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.09.

Gamma Communications Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th were issued a GBX 6.50 ($0.08) dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, September 19th. Gamma Communications’s dividend payout ratio (DPR) is presently 3,103.45%.

Insider Activity at Gamma Communications

In related news, insider Martin Hellawell purchased 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average price of GBX 1,648 ($21.40) per share, with a total value of £98,880 ($128,382.24). Insiders own 3.38% of the company’s stock.

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.