Gamma Communications plc (LON:GAMA) Insider Purchases £98,880 in Stock

Gamma Communications plc (LON:GAMA) insider Martin Hellawell purchased 6,000 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were bought at an average price of GBX 1,648 ($22.04) per share, with a total value of £98,880 ($132,263.24).

Gamma Communications Stock Up 0.1 %

Gamma Communications stock opened at GBX 1,666 ($22.28) on Friday. Gamma Communications plc has a 1-year low of GBX 980.10 ($13.11) and a 1-year high of GBX 1,744 ($23.33). The firm has a market capitalization of £1.59 billion, a price-to-earnings ratio of 2,872.41, a P/E/G ratio of 2.79 and a beta of 0.82. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.09. The firm has a 50 day simple moving average of GBX 1,569.07 and a 200 day simple moving average of GBX 1,453.93.

Gamma Communications Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be paid a GBX 6.50 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 0.43%. Gamma Communications’s dividend payout ratio is 3,103.45%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GAMA. Deutsche Bank Aktiengesellschaft raised their price target on shares of Gamma Communications from GBX 2,250 ($30.10) to GBX 2,300 ($30.77) and gave the stock a “buy” rating in a research note on Monday, September 16th. Shore Capital restated a “buy” rating on shares of Gamma Communications in a research note on Tuesday, September 24th.

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.