Gamma Communications (LON:GAMA) Shares Up 11.6% – Here’s What Happened

Shares of Gamma Communications plc (LON:GAMAGet Free Report) shot up 11.6% during trading on Friday . The company traded as high as GBX 1,084 and last traded at GBX 1,082. Approximately 1,435,663 shares traded hands during trading, a decline of 37% from the average daily volume of 2,265,832 shares. The stock had previously closed at GBX 969.50.

Gamma Communications Stock Performance

The stock has a market cap of £967.15 million, a price-to-earnings ratio of 15.61, a P/E/G ratio of 2.79 and a beta of 0.89. The firm’s 50-day moving average is GBX 921.81 and its two-hundred day moving average is GBX 900.58. The company has a current ratio of 1.40, a quick ratio of 2.45 and a debt-to-equity ratio of 13.12.

About Gamma Communications

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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.

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