Gamma Communications (LON:GAMA) Reaches New 52-Week Low – Here’s What Happened

Gamma Communications plc (LON:GAMA)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,220 ($15.75) and last traded at GBX 1,249.89 ($16.14), with a volume of 13053 shares. The stock had previously closed at GBX 1,247.81 ($16.11).

Analyst Ratings Changes

GAMA has been the subject of a number of research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 1,900 ($24.54) target price on shares of Gamma Communications in a report on Tuesday, January 14th. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a report on Tuesday, February 25th.

Gamma Communications Stock Performance

The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08. The company has a market capitalization of £1.19 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The stock has a 50-day simple moving average of GBX 1,326.68 and a 200-day simple moving average of GBX 1,504.75.

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.