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 mid-day trading on Tuesday . The company traded as low as GBX 923 and last traded at GBX 923, with a volume of 517264 shares. The stock had previously closed at GBX 954.

Analysts Set New Price Targets

A number of research firms have recently commented on GAMA. Berenberg Bank reiterated a “buy” rating and set a GBX 1,570 target price on shares of Gamma Communications in a research report on Friday, October 17th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,820 price target on shares of Gamma Communications in a research note on Thursday, November 13th. Finally, Shore Capital reissued a “buy” rating and issued a GBX 1,500 price objective on shares of Gamma Communications in a research note on Tuesday, September 9th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,630.

Gamma Communications Stock Down 3.2%

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. The company has a market cap of £850.64 million, a PE ratio of 13.30, a P/E/G ratio of 2.79 and a beta of 0.82. The business’s 50 day moving average is GBX 990.82 and its 200-day moving average is GBX 1,087.12.

Gamma Communications (LON:GAMA) last released its quarterly earnings data on Tuesday, September 9th. The company reported GBX 48 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 predict that Gamma Communications plc will post 89.6398892 EPS for the current year.

Insider Activity at Gamma Communications

In other Gamma Communications news, insider Martin Hellawell bought 2,650 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average price of GBX 945 per share, with a total value of £25,042.50. Insiders own 4.44% of the company’s stock.

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.