Gamma Communications (LON:GAMA) Stock Crosses Above 50 Day Moving Average of $1,468.24

Gamma Communications plc (LON:GAMA)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,468.24 ($19.36) and traded as high as GBX 1,544 ($20.36). Gamma Communications shares last traded at GBX 1,538 ($20.28), with a volume of 587,396 shares changing hands.

Analyst Ratings Changes

GAMA has been the topic of a number of research analyst reports. Berenberg Bank initiated coverage on shares of Gamma Communications in a research report on Monday, June 3rd. They set a “buy” rating and a GBX 1,980 ($26.11) price objective on the stock. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a research report on Tuesday, May 21st.

Gamma Communications Price Performance

The firm’s 50 day moving average is GBX 1,468.24 and its 200 day moving average is GBX 1,384.09. The firm has a market cap of £1.47 billion, a P/E ratio of 2,796.36, a price-to-earnings-growth ratio of 2.79 and a beta of 0.83. The company has a debt-to-equity ratio of 3.40, a current ratio of 2.92 and a quick ratio of 2.45.

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.