Gamma Communications (LON:GAMA) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Gamma Communications plc (LON:GAMA)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,610.71 ($20.91) and traded as high as GBX 1,616 ($20.98). Gamma Communications shares last traded at GBX 1,604 ($20.83), with a volume of 271,063 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GAMA. Deutsche Bank Aktiengesellschaft raised their price target on Gamma Communications from GBX 2,250 ($29.21) to GBX 2,300 ($29.86) and gave the stock a “buy” rating in a report on Monday, September 16th. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a research report on Tuesday, September 24th.

Gamma Communications Stock Performance

The company has a market cap of £1.54 billion, a PE ratio of 2,765.52, a P/E/G ratio of 2.79 and a beta of 0.82. The stock’s 50-day simple moving average is GBX 1,610.71 and its 200 day simple moving average is GBX 1,482.63. The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.45 and a current ratio of 2.78.

Gamma Communications Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 17th. Investors 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 yield of 0.43%. Gamma Communications’s payout ratio is currently 3,103.45%.

Insider Buying and Selling at Gamma Communications

In other Gamma Communications news, insider Martin Hellawell acquired 6,000 shares of the stock in a transaction on Wednesday, October 2nd. The shares were bought at an average price of GBX 1,648 ($21.40) per share, with a total value of £98,880 ($128,382.24). 3.38% of the stock is owned by corporate insiders.

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.