Gamma Communications (LON:GAMA) Reaches New 1-Year Low – Here’s What Happened

Gamma Communications plc (LON:GAMA) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1,095.86 ($14.92) and last traded at GBX 1,108 ($15.08), with a volume of 2552860 shares. The stock had previously closed at GBX 1,144 ($15.57).

Analyst Upgrades and Downgrades

A number of brokerages have commented on GAMA. Shore Capital reissued a “buy” rating on shares of Gamma Communications in a report on Friday, May 2nd. Berenberg Bank increased their price objective on shares of Gamma Communications from GBX 1,900 ($25.86) to GBX 2,000 ($27.23) and gave the company a “buy” rating in a report on Tuesday, April 8th.

Gamma Communications Trading Up 0.1%

The business has a 50-day simple moving average of GBX 1,225.59 and a 200-day simple moving average of GBX 1,315.65. The company has a market cap of £1.09 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08.

Gamma Communications (LON:GAMA) last issued its quarterly earnings results on Tuesday, March 25th. The company reported GBX 85.10 ($1.16) earnings per share (EPS) for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. On average, analysts predict that Gamma Communications plc will post 89.6398892 EPS for the current fiscal year.

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.