Gamma Communications’ (GAMA) Buy Rating Reiterated at Shore Capital

Gamma Communications (LON:GAMA)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a report issued on Tuesday,Digital Look reports.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,900 ($23.98) target price on shares of Gamma Communications in a report on Tuesday, January 14th.

Gamma Communications Stock Performance

Shares of LON GAMA traded up GBX 18 ($0.23) during mid-day trading on Tuesday, hitting GBX 1,326 ($16.73). The company had a trading volume of 483,532 shares, compared to its average volume of 322,151. The company has a market capitalization of £1.27 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.79 and a beta of 0.82. Gamma Communications has a 1 year low of GBX 1,212 ($15.30) and a 1 year high of GBX 1,917.60 ($24.20). 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 stock’s 50-day moving average price is GBX 1,412.29 and its 200-day moving average price is GBX 1,533.36.

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.