Gamma Communications (LON:GAMA) Stock Crosses Above 50-Day Moving Average of $1,475.71

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 1,475.71 ($19.40) and traded as high as GBX 1,495.50 ($19.66). Gamma Communications shares last traded at GBX 1,470 ($19.33), with a volume of 219,206 shares traded.

Wall Street Analyst Weigh In

GAMA has been the topic of a number of analyst reports. Berenberg Bank initiated coverage on Gamma Communications in a research report on Monday, June 3rd. They set a “buy” rating and a GBX 1,980 ($26.04) target price on the stock. Shore Capital reissued a “buy” rating on shares of Gamma Communications in a report on Tuesday, May 21st.

Gamma Communications Price Performance

The stock’s 50-day simple moving average is GBX 1,476.65 and its two-hundred day simple moving average is GBX 1,396.07. The company has a market capitalization of £1.43 billion, a price-to-earnings ratio of 2,720.00, a PEG ratio of 2.79 and a beta of 0.83. The company has a quick ratio of 2.45, a current ratio of 2.92 and a debt-to-equity ratio of 3.40.

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.