Gamma Communications (LON:GAMA) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Gamma Communications plc (LON:GAMAGet Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 901.58 and traded as high as GBX 952.50. Gamma Communications shares last traded at GBX 941, with a volume of 14,130,691 shares.

Wall Street Analyst Weigh In

GAMA has been the subject of a number of analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,570 price objective on shares of Gamma Communications in a research report on Tuesday, March 24th. Shore Capital Group restated a “buy” rating on shares of Gamma Communications in a research report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price 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. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,538.

Read Our Latest Stock Analysis on Gamma Communications

Gamma Communications Trading Up 0.1%

The company has a current ratio of 1.40, a quick ratio of 2.45 and a debt-to-equity ratio of 13.12. The stock has a market capitalization of £850.51 million, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 2.79 and a beta of 0.88. The business has a 50 day simple moving average of GBX 901.58 and a 200-day simple moving average of GBX 896.16.

Gamma Communications (LON:GAMAGet Free Report) last posted its quarterly earnings data on Tuesday, March 24th. The company reported GBX 69.50 EPS for the quarter. Gamma Communications had a net margin of 10.01% and a return on equity of 13.14%. On average, equities analysts predict that Gamma Communications plc will post 89.6398892 earnings per share for the current year.

About Gamma Communications

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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.

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