Gamma Communications (LON:GAMA) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of Gamma Communications plc (LON:GAMA) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,589.08 ($19.89) and traded as low as GBX 1,520 ($19.02). Gamma Communications shares last traded at GBX 1,530 ($19.15), with a volume of 23,536 shares trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on GAMA. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gamma Communications from GBX 2,250 ($28.16) to GBX 2,300 ($28.78) and gave the stock a “buy” rating in a report on Monday, September 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,900 ($23.78) price objective on shares of Gamma Communications in a research note on Thursday, December 5th. Finally, Shore Capital reissued a “buy” rating on shares of Gamma Communications in a research note on Tuesday, September 24th.

Gamma Communications Stock Performance

The business has a 50-day moving average of GBX 1,589.08 and a two-hundred day moving average of GBX 1,553.82. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.78 and a quick ratio of 2.45. The company has a market cap of £1.46 billion, a P/E ratio of 2,637.93, a P/E/G 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.