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

Gamma Communications plc (LON:GAMA) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 850.30 and traded as high as GBX 940.20. Gamma Communications shares last traded at GBX 912.73, with a volume of 1,790,205 shares.

Analysts Set New Price Targets

GAMA has been the topic of several analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Gamma Communications in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating on the stock in a report on Friday, March 27th. Citigroup cut their price target on shares of Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating on the stock in a report on Thursday, January 15th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,570 price target on shares of Gamma Communications in a report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Gamma Communications presently has an average rating of “Buy” and a consensus price target of GBX 1,538.

Gamma Communications Stock Up 2.9%

The stock has a market capitalization of £854.93 million, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.79 and a beta of 0.78. The company has a debt-to-equity ratio of 13.12, a current ratio of 1.40 and a quick ratio of 2.45. The business’s fifty day moving average price is GBX 850.30 and its two-hundred day moving average price is GBX 900.69.

Gamma Communications (LON:GAMA) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX 69.50 earnings per share for the quarter. Gamma Communications had a net margin of 10.01% and a return on equity of 13.14%. On average, equities research analysts forecast that Gamma Communications plc will post 89.6398892 EPS for the current fiscal year.

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.