Gamma Communications (LON:GAMA) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Gamma Communications plc (LON:GAMA - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,444.88 ($19.15) and traded as low as GBX 1,226 ($16.24). Gamma Communications shares last traded at GBX 1,243.13 ($16.47), with a volume of 381,902 shares changing hands.

Wall Street Analysts Forecast Growth

GAMA has been the subject of several recent research reports. Shore Capital reissued a "buy" rating on shares of Gamma Communications in a report on Tuesday, March 25th. Berenberg Bank boosted their price objective on Gamma Communications from GBX 1,900 ($25.18) to GBX 2,000 ($26.50) and gave the company a "buy" rating in a report on Tuesday, April 8th.

Gamma Communications Price Performance

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 stock's fifty day moving average is GBX 1,269.55 and its 200-day moving average is GBX 1,434.68. The stock has a market capitalization of £1.23 billion, a PE ratio of 21.93, a P/E/G ratio of 2.79 and a beta of 0.82.

Gamma Communications (LON:GAMA - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported GBX 85.10 ($1.13) EPS for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. As a group, equities analysts predict that Gamma Communications plc will post 89.6398892 earnings per share for the current fiscal year.

Gamma Communications Increases Dividend

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