Gamma Communications (LON:GAMA) Reaches New 52-Week High at $1,566.00

Gamma Communications plc (LON:GAMA) hit a new 52-week high on Thursday . The company traded as high as GBX 1,566 ($20.65) and last traded at GBX 1,533.66 ($20.22), with a volume of 135907 shares. The stock had previously closed at GBX 1,542 ($20.33).

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GAMA. Berenberg Bank started coverage on Gamma Communications in a report on Monday, June 3rd. They set a “buy” rating and a GBX 1,980 ($26.11) target price for the company. Shore Capital reissued a “buy” rating on shares of Gamma Communications in a research report on Tuesday, May 21st.

Gamma Communications Trading Up 0.7 %

The company has a debt-to-equity ratio of 3.40, a current ratio of 2.92 and a quick ratio of 2.45. The business’s 50-day moving average is GBX 1,472.36 and its two-hundred day moving average is GBX 1,388.47. The firm has a market cap of £1.47 billion, a P/E ratio of 2,785.45, a P/E/G ratio of 2.79 and a beta of 0.83.

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.