Gamma Communications (LON:GAMA) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Gamma Communications plc (LON:GAMA) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 958.44 and traded as low as GBX 898. Gamma Communications shares last traded at GBX 908, with a volume of 357,180 shares.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GAMA. Peel Hunt restated a “buy” rating and issued a GBX 1,820 target price on shares of Gamma Communications in a research note on Thursday, November 13th. Shore Capital reissued a “buy” rating and issued a GBX 1,500 price objective on shares of Gamma Communications in a research report on Tuesday, September 9th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,570 price objective on shares of Gamma Communications in a research note on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 1,630.

Gamma Communications Stock Performance

The stock has a market capitalization of £829.55 million, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.78 and a quick ratio of 2.45. The company has a 50 day simple moving average of GBX 956.36 and a 200-day simple moving average of GBX 1,035.32.

Insiders Place Their Bets

In other news, insider Martin Hellawell acquired 2,650 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of GBX 945 per share, for a total transaction of £25,042.50. 4.44% of the stock is owned by 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.