Gamma Communications (LON:GAMA) Hits New 1-Year Low - Here's Why

Shares of Gamma Communications plc (LON:GAMA - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,192.20 ($15.23) and last traded at GBX 1,194 ($15.26), with a volume of 224732 shares trading hands. The stock had previously closed at GBX 1,234 ($15.77).

Analysts Set New Price Targets

Several analysts recently weighed in on GAMA shares. Shore Capital reissued a "buy" rating on shares of Gamma Communications in a research note on Tuesday, March 25th. Berenberg Bank lifted their target price on Gamma Communications from GBX 1,900 ($24.28) to GBX 2,000 ($25.56) and gave the stock a "buy" rating in a report on Tuesday.

Gamma Communications Trading Down 3.2 %

The stock has a market cap of £1.11 billion, a P/E ratio of 19.85, 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 quick ratio of 2.45 and a current ratio of 2.78. The firm's fifty day simple moving average is GBX 1,299.52 and its 200-day simple moving average is GBX 1,468.91.

Gamma Communications (LON:GAMA - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported GBX 85.10 ($1.09) earnings per share for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. Equities research analysts expect that Gamma Communications plc will post 89.6398892 EPS for the current fiscal year.

Gamma Communications Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, May 29th will be issued a dividend of GBX 13 ($0.17) per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a dividend yield of 1.03%. This is a positive change from Gamma Communications's previous dividend of $6.50. Gamma Communications's dividend payout ratio is currently 30.70%.

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.