Gamma Communications (LON:GAMA) Stock Price Up 13.8% – Here’s Why

Gamma Communications plc (LON:GAMA)’s share price was up 13.8% on Wednesday . The stock traded as high as GBX 846.60 and last traded at GBX 833. Approximately 2,694,759 shares were traded during trading, an increase of 9% from the average daily volume of 2,469,263 shares. The stock had previously closed at GBX 732.20.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GAMA shares. Shore Capital Group reiterated a “buy” rating on shares of Gamma Communications in a research report on Wednesday, March 25th. Citigroup decreased their target price on shares of Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Gamma Communications from GBX 1,460 to GBX 1,400 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,570 target price on shares of Gamma Communications in a research report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Gamma Communications currently has an average rating of “Buy” and a consensus target price of GBX 1,538.

Gamma Communications Stock Performance

The company has a debt-to-equity ratio of 13.12, a quick ratio of 2.45 and a current ratio of 1.40. The firm’s 50-day moving average price is GBX 851.15 and its two-hundred day moving average price is GBX 912.70. The firm has a market capitalization of £765.00 million, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 2.79 and a beta of 0.65.

Gamma Communications (LON:GAMA) last issued its earnings results on Tuesday, March 24th. The company reported GBX 69.50 earnings per share for the quarter. Gamma Communications had a net margin of 10.01% and a return on equity of 13.14%. Sell-side analysts predict that Gamma Communications plc will post 89.6398892 earnings per share for the current year.

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.