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

Gamma Communications plc (LON:GAMA) shares 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.

Analyst Ratings Changes

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

Gamma Communications Stock Performance

The stock has a 50 day moving average of GBX 913.60 and a 200-day moving average of GBX 994.23. The company has a market capitalization of £847.06 million, a P/E ratio of 13.24, a P/E/G ratio of 2.79 and a beta of 0.82. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08.

Insider Activity

In other news, insider Martin Hellawell acquired 2,650 shares of Gamma Communications stock in a transaction dated Tuesday, November 18th. The stock was purchased 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.

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.