Gamma Communications (LON:GAMA) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Gamma Communications plc (LON:GAMA) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,597.23 ($20.86) and traded as high as GBX 1,654 ($21.60). Gamma Communications shares last traded at GBX 1,640 ($21.42), with a volume of 199,008 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on GAMA. Shore Capital restated a “buy” rating on shares of Gamma Communications in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft increased their target price on Gamma Communications from GBX 2,250 ($29.38) to GBX 2,300 ($30.03) and gave the company a “buy” rating in a report on Monday, September 16th.

Gamma Communications Stock Performance

The firm’s fifty day moving average is GBX 1,597.23 and its 200 day moving average is GBX 1,471.80. The firm has a market capitalization of £1.56 billion, a price-to-earnings ratio of 2,812.07, a PEG ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.78 and a quick ratio of 2.45.

Gamma Communications Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th were paid a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 0.43%. The ex-dividend date was Thursday, September 19th. Gamma Communications’s dividend payout ratio (DPR) is currently 3,103.45%.

Insider Transactions at Gamma Communications

In other news, insider Martin Hellawell purchased 6,000 shares of Gamma Communications stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average cost of GBX 1,648 ($21.52) per share, for a total transaction of £98,880 ($129,119.87). 3.38% of the stock is currently owned by company insiders.

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.