Gamma Communications (LON:GAMA) Stock Price Down 0.5% – Time to Sell?

Gamma Communications plc (LON:GAMA) shares dropped 0.5% during mid-day trading on Wednesday . The company traded as low as GBX 1,274 ($16.96) and last traded at GBX 1,304 ($17.35). Approximately 1,040,871 shares were traded during trading, an increase of 53% from the average daily volume of 681,995 shares. The stock had previously closed at GBX 1,310 ($17.43).

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GAMA. Berenberg Bank raised their price target on Gamma Communications from GBX 1,900 ($25.29) to GBX 2,000 ($26.62) and gave the company a “buy” rating in a report on Tuesday, April 8th. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a research report on Friday, May 2nd.

Gamma Communications Stock Performance

The stock has a market capitalization of £1.09 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The business’s fifty day moving average is GBX 1,266.91 and its two-hundred day moving average is GBX 1,405.35. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08.

Gamma Communications (LON:GAMA) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 85.10 ($1.13) EPS for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. As a group, research analysts anticipate that Gamma Communications plc will post 89.6398892 EPS for the current fiscal year.

Gamma Communications Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, May 29th will be given a GBX 13 ($0.17) dividend. This is a positive change from Gamma Communications’s previous dividend of $6.50. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, May 29th. Gamma Communications’s dividend payout ratio (DPR) is presently 30.70%.

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.