Gamma Communications (LON:GAMA) Shares Pass Below 50 Day Moving Average – Time to Sell?

Gamma Communications plc (LON:GAMA) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-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.

Analyst Ratings Changes

A number of research analysts have weighed in on GAMA shares. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gamma Communications from GBX 2,250 ($27.85) to GBX 2,300 ($28.47) and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,900 ($23.52) target price on shares of Gamma Communications in a research note on Thursday, December 5th.

Gamma Communications Price Performance

The business has a 50 day simple moving average of GBX 1,587.68 and a two-hundred day simple moving average of GBX 1,554.45. The firm has a market capitalization of £1.46 billion, a P/E ratio of 2,631.03, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.45 and a current ratio of 2.78.

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.