Gamma Communications (LON:GAMA) Stock Price Crosses Above 50-Day Moving Average of $1,282.96

Gamma Communications plc (LON:GAMA)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,282.96 ($15.85) and traded as high as GBX 1,315.36 ($16.25). Gamma Communications shares last traded at GBX 1,310 ($16.18), with a volume of 99,342 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Gamma Communications in a research note on Monday, March 25th.

Gamma Communications Stock Up 0.8 %

The firm has a fifty day simple moving average of GBX 1,282.96 and a 200-day simple moving average of GBX 1,167.59. The firm has a market cap of £1.27 billion, a price-to-earnings ratio of 2,381.82, a P/E/G ratio of 2.79 and a beta of 0.73. The company has a debt-to-equity ratio of 3.40, a quick ratio of 2.45 and a current ratio of 2.92.

Gamma Communications Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be issued a dividend of GBX 11.40 ($0.14) per share. This is an increase from Gamma Communications’s previous dividend of $5.70. The ex-dividend date is Thursday, May 30th. This represents a yield of 0.84%. Gamma Communications’s dividend payout ratio (DPR) is currently 3,090.91%.

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.