Gamma Communications (LON:GAMA) Stock Price Crosses Above Fifty Day Moving Average of $1,392.91

Gamma Communications plc (LON:GAMA) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,392.91 ($17.67) and traded as high as GBX 1,432 ($18.17). Gamma Communications shares last traded at GBX 1,430 ($18.14), with a volume of 199,736 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on the company. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a research note on Tuesday, May 21st. Berenberg Bank began coverage on Gamma Communications in a research note on Monday, June 3rd. They set a “buy” rating and a GBX 1,980 ($25.12) target price on the stock.

Gamma Communications Stock Down 1.4 %

The company has a quick ratio of 2.45, a current ratio of 2.92 and a debt-to-equity ratio of 3.40. The company has a fifty day moving average price of GBX 1,421.05 and a 200-day moving average price of GBX 1,281.36. The stock has a market capitalization of £1.37 billion, a P/E ratio of 2,563.64, a PEG ratio of 2.79 and a beta of 0.74.

Insider Buying and Selling

In other news, insider Andrew Belshaw sold 16,015 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of GBX 1,313 ($16.66), for a total transaction of £210,276.95 ($266,747.37). 3.68% of the stock is currently owned by company 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.