Gamma Communications plc (LON:GAMA – Get Free Report) 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.
Get Our Latest Analysis on GAMA
Gamma Communications Price Performance
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.
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