Gamma Communications (LON:GAMA) Reaches New 1-Year High – Time to Buy?

Shares of Gamma Communications plc (LON:GAMA) hit a new 52-week high on Wednesday . The company traded as high as GBX 1,917.60 ($24.68) and last traded at GBX 1,594 ($20.51), with a volume of 478356 shares changing hands. The stock had previously closed at GBX 1,600 ($20.59).

Analyst Ratings Changes

A number of equities research analysts have issued reports on GAMA shares. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gamma Communications from GBX 2,250 ($28.95) to GBX 2,300 ($29.60) and gave the stock a “buy” rating in a report on Monday, September 16th.

Gamma Communications Stock Performance

The company has a debt-to-equity ratio of 2.09, a current ratio of 2.78 and a quick ratio of 2.45. The company has a market capitalization of £1.54 billion, a price-to-earnings ratio of 2,765.52, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The business has a fifty day moving average price of GBX 1,631.43 and a 200 day moving average price of GBX 1,517.54.

Gamma Communications Cuts Dividend

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

Insider Activity at Gamma Communications

In other Gamma Communications news, insider Martin Hellawell bought 6,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average price of GBX 1,648 ($21.21) per share, with a total value of £98,880 ($127,242.31). 3.38% of the stock is owned by corporate insiders.

Gamma Communications Company Profile

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.