Gamma Communications (LON:GAMA) Sets New 52-Week Low – Here’s What Happened

Shares of Gamma Communications plc (LON:GAMA) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 1,095.86 ($14.71) and last traded at GBX 1,108 ($14.87), with a volume of 2552860 shares traded. The stock had previously closed at GBX 1,144 ($15.36).

Analysts Set New Price Targets

A number of brokerages have weighed in on GAMA. Shore Capital reissued a “buy” rating on shares of Gamma Communications in a research note on Friday, May 2nd. Berenberg Bank raised their price target on Gamma Communications from GBX 1,900 ($25.51) to GBX 2,000 ($26.85) and gave the stock a “buy” rating in a research note on Tuesday, April 8th.

Gamma Communications Trading Down 2.6%

The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08. The business’s fifty day moving average is GBX 1,230.19 and its 200-day moving average is GBX 1,320.60. The stock has a market capitalization of £1.07 billion, a PE ratio of 19.00, a P/E/G ratio of 2.79 and a beta of 0.82.

Gamma Communications (LON:GAMA) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 85.10 ($1.14) earnings per share (EPS) for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. As a group, analysts anticipate that Gamma Communications plc will post 89.6398892 EPS for the current fiscal year.

Gamma Communications Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 19th. Stockholders of record on Thursday, May 29th were issued a GBX 13 ($0.17) dividend. This represents a dividend yield of 1.03%. This is an increase from Gamma Communications’s previous dividend of $6.50. The ex-dividend date of this dividend was Thursday, May 29th. Gamma Communications’s dividend payout ratio (DPR) is 30.70%.

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.