Gamma Communications (LON:GAMA) Share Price Crosses Above 50-Day Moving Average of $1,295.16

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 1,295.16 ($16.27) and traded as high as GBX 1,360 ($17.09). Gamma Communications shares last traded at GBX 1,344 ($16.88), with a volume of 263,198 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Gamma Communications in a report on Monday, March 25th.

Gamma Communications Stock Up 0.1 %

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 firm’s 50 day moving average price is GBX 1,295.16 and its two-hundred day moving average price is GBX 1,182.05. The firm has a market cap of £1.31 billion, a price-to-earnings ratio of 2,443.64, a P/E/G ratio of 2.79 and a beta of 0.73.

Gamma Communications Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be given a dividend of GBX 11.40 ($0.14) per share. This represents a yield of 0.84%. This is a boost from Gamma Communications’s previous dividend of $5.70. The ex-dividend date of this dividend is Thursday, May 30th. Gamma Communications’s dividend payout ratio (DPR) is presently 3,090.91%.

Insider Activity

In related news, insider Andrew Belshaw sold 16,015 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of GBX 1,313 ($16.49), for a total transaction of £210,276.95 ($264,167.02). Corporate insiders own 3.68% 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.