Gamma Communications (LON:GAMA) Stock Passes Above Fifty Day Moving Average of $1,451.77

Gamma Communications plc (LON:GAMA)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,451.77 ($18.55) and traded as high as GBX 1,504 ($19.22). Gamma Communications shares last traded at GBX 1,504 ($19.22), with a volume of 53,303 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Berenberg Bank began coverage on Gamma Communications in a research note on Monday, June 3rd. They set a “buy” rating and a GBX 1,980 ($25.30) price objective for the company. Shore Capital reissued a “buy” rating on shares of Gamma Communications in a research note on Tuesday, May 21st.

Gamma Communications Stock Performance

The firm’s 50-day simple moving average is GBX 1,453.93 and its two-hundred day simple moving average is GBX 1,353.18. The company has a current ratio of 2.92, a quick ratio of 2.45 and a debt-to-equity ratio of 3.40. The stock has a market capitalization of £1.47 billion, a PE ratio of 2,760.00, a PEG ratio of 2.79 and a beta of 0.74.

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.