Gamma Communications (LON:GAMA) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Gamma Communications plc (LON:GAMA) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,597.23 ($20.86) and traded as high as GBX 1,654 ($21.60). Gamma Communications shares last traded at GBX 1,640 ($21.42), with a volume of 199,008 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GAMA shares. Shore Capital restated a “buy” rating on shares of Gamma Communications in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Gamma Communications from GBX 2,250 ($29.38) to GBX 2,300 ($30.03) and gave the company a “buy” rating in a research report on Monday, September 16th.

Gamma Communications Price Performance

The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.09. The stock’s 50-day moving average price is GBX 1,597.23 and its 200 day moving average price is GBX 1,471.80. The firm has a market cap of £1.56 billion, a price-to-earnings ratio of 2,812.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

Gamma Communications Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given a GBX 6.50 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 0.43%. Gamma Communications’s dividend payout ratio is currently 3,103.45%.

Insider Activity

In other Gamma Communications news, insider Martin Hellawell purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average price of GBX 1,648 ($21.52) per share, for a total transaction of £98,880 ($129,119.87). 3.38% of the stock is currently owned by company insiders.

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.