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

Gamma Communications plc (LON:GAMA)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 1,220 ($15.75) and last traded at GBX 1,249.89 ($16.14), with a volume of 13053 shares traded. The stock had previously closed at GBX 1,247.81 ($16.11).

Analysts Set New Price Targets

Several equities analysts have commented on GAMA shares. Berenberg Bank restated a “buy” rating and issued a GBX 1,900 ($24.54) price target on shares of Gamma Communications in a research note on Tuesday, January 14th. Shore Capital restated a “buy” rating on shares of Gamma Communications in a research note on Tuesday, February 25th.

Gamma Communications Stock Performance

The firm has a fifty day moving average of GBX 1,326.68 and a 200-day moving average of GBX 1,504.75. 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 stock has a market capitalization of £1.19 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 2.79 and a beta of 0.82.

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.