Gamma Communications (LON:GAMA) Reaches New 12-Month Low – Here’s What Happened

Gamma Communications plc (LON:GAMA) reached a new 52-week low on Tuesday . The stock traded as low as GBX 858 and last traded at GBX 858.95, with a volume of 108745 shares. The stock had previously closed at GBX 883.

Analyst Upgrades and Downgrades

GAMA has been the subject of a number of research analyst reports. Citigroup reduced their target price on Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating for the company in a report on Thursday, January 15th. Peel Hunt reissued a “buy” rating and issued a GBX 1,820 price objective on shares of Gamma Communications in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,572.50.

Gamma Communications Stock Up 1.2%

The business has a 50 day simple moving average of GBX 903.49 and a 200 day simple moving average of GBX 968.03. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. The stock has a market cap of £804.85 million, a PE ratio of 12.62, a P/E/G ratio of 2.79 and a beta of 0.82.

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.