Gamma Communications (LON:GAMA) Reaches New 12-Month High Following Dividend Announcement

Gamma Communications plc (LON:GAMA) shares hit a new 52-week high on Tuesday after the company announced a dividend. The company traded as high as GBX 1,592 ($20.82) and last traded at GBX 1,588 ($20.77), with a volume of 3377621 shares changing hands. The stock had previously closed at GBX 1,502 ($19.64).

The newly announced dividend which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a dividend of GBX 6.50 ($0.09) per share. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.43%. Gamma Communications’s dividend payout ratio (DPR) is presently 3,090.91%.

Wall Street Analysts Forecast Growth

GAMA has been the topic of a number of recent analyst reports. Berenberg Bank initiated coverage on shares of Gamma Communications in a research note on Monday, June 3rd. They set a “buy” rating and a GBX 1,980 ($25.89) price target on the stock. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a research note on Tuesday.

Gamma Communications Stock Up 0.6 %

The company has a debt-to-equity ratio of 3.40, a quick ratio of 2.45 and a current ratio of 2.92. The firm’s 50-day moving average is GBX 1,485.45 and its 200 day moving average is GBX 1,405.23. The firm has a market capitalization of £1.63 billion, a PE ratio of 3,098.18, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

About Gamma Communications

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.