Gamma Communications plc (LON:GAMA – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 1,917.60 ($24.68) and last traded at GBX 1,594 ($20.51), with a volume of 478356 shares traded. The stock had previously closed at GBX 1,600 ($20.59).
Analyst Upgrades and Downgrades
A number of research firms have commented on GAMA. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gamma Communications from GBX 2,250 ($28.95) to GBX 2,300 ($29.60) and gave the company a “buy” rating in a research note on Monday, September 16th.
Check Out Our Latest Analysis on GAMA
Gamma Communications Price Performance
Gamma Communications Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were given a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date was Thursday, September 19th. This represents a yield of 0.43%. Gamma Communications’s payout ratio is 3,103.45%.
Insider Activity
In other Gamma Communications news, insider Martin Hellawell acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average cost of GBX 1,648 ($21.21) per share, for a total transaction of £98,880 ($127,242.31). Company insiders own 3.38% of the company’s stock.
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.
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