Gamma Communications (LON:GAMA) Stock Passes Above 50 Day Moving Average – Should You Sell?
by Sarita Garza · The Markets DailyGamma Communications plc (LON:GAMA – Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 927.23 and traded as high as GBX 950. Gamma Communications shares last traded at GBX 907, with a volume of 189,642 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 1,570 target price on shares of Gamma Communications in a report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of 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. Finally, Shore Capital Group reiterated a “buy” rating on shares of Gamma Communications in a report on Wednesday, March 25th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 1,538.
Check Out Our Latest Stock Analysis on GAMA
Gamma Communications Stock Up 0.1%
The stock has a 50-day moving average price of GBX 930.49 and a 200-day moving average price of GBX 896.25. The company has a debt-to-equity ratio of 13.12, a current ratio of 1.40 and a quick ratio of 2.45. The company has a market capitalization of £809.10 million, a P/E ratio of 12.93, a P/E/G ratio of 2.79 and a beta of 0.88.
Gamma Communications (LON:GAMA – Get Free Report) last announced its earnings results on Tuesday, March 24th. The company reported GBX 69.50 EPS for the quarter. Gamma Communications had a return on equity of 13.14% and a net margin of 10.01%. On average, research analysts predict that Gamma Communications plc will post 89.6398892 EPS for the current fiscal year.
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.