Gamma Communications (LON:GAMA) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Gamma Communications plc (LON:GAMA) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 907.63 and traded as low as GBX 895.60. Gamma Communications shares last traded at GBX 913, with a volume of 563,499 shares.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating on the stock in a report on Friday, March 27th. Citigroup reduced their price objective on Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating on the stock in a report on Thursday, January 15th. Berenberg Bank restated a “buy” rating and set a GBX 1,570 price objective on shares of Gamma Communications in a report on Tuesday, March 24th. Finally, Shore Capital Group restated a “buy” rating on shares of Gamma Communications in a report on Wednesday, March 25th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Gamma Communications presently has an average rating of “Buy” and a consensus target price of GBX 1,538.

Gamma Communications Price Performance

The stock has a fifty day moving average price of GBX 843.99 and a 200-day moving average price of GBX 906.98. The firm has a market capitalization of £831.09 million, a PE ratio of 13.17, a P/E/G ratio of 2.79 and a beta of 0.78. The company has a debt-to-equity ratio of 13.12, a quick ratio of 2.45 and a current ratio of 1.40.

Gamma Communications (LON:GAMA) last announced its quarterly earnings results on Tuesday, March 24th. The company reported GBX 69.50 earnings per share (EPS) for the quarter. Gamma Communications had a return on equity of 13.14% and a net margin of 10.01%. Sell-side analysts forecast 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.