Gamma Communications (LON:GAMA) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Gamma Communications plc (LON:GAMA)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,589.08 ($19.67) and traded as low as GBX 1,520 ($18.81). Gamma Communications shares last traded at GBX 1,530 ($18.94), with a volume of 23,536 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Gamma Communications from GBX 2,250 ($27.85) to GBX 2,300 ($28.47) and gave the stock a “buy” rating in a research report on Monday, September 16th. Shore Capital reissued a “buy” rating on shares of Gamma Communications in a report on Tuesday, September 24th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,900 ($23.52) target price on shares of Gamma Communications in a report on Thursday, December 5th.

Gamma Communications Trading Down 0.3 %

The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.09. The firm has a 50 day moving average of GBX 1,587.68 and a 200 day moving average of GBX 1,554.45. The firm has a market cap of £1.46 billion, a PE ratio of 2,631.03, 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.