Gamma Communications (LON:GAMA) Stock Price Passes Below 200-Day Moving Average of $1,119.73

Gamma Communications plc (LON:GAMAGet Rating)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,119.73 ($13.16) and traded as low as GBX 1,090 ($12.81). Gamma Communications shares last traded at GBX 1,090 ($12.81), with a volume of 43,292 shares traded.

Analyst Upgrades and Downgrades

Separately, Barclays reiterated an “overweight” rating and issued a GBX 2,000 ($23.50) price objective on shares of Gamma Communications in a research report on Friday, September 30th.

Gamma Communications Stock Down 0.9 %

The firm’s 50 day moving average is GBX 1,097.65 and its two-hundred day moving average is GBX 1,119.73. The stock has a market cap of £1.06 billion and a price-to-earnings ratio of 1,816.67. The company has a current ratio of 2.56, a quick ratio of 2.45 and a debt-to-equity ratio of 5.24.

Gamma Communications Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, October 20th. Investors of record on Thursday, September 22nd were paid a GBX 5 ($0.06) dividend. This represents a yield of 0.47%. The ex-dividend date was Thursday, September 22nd. Gamma Communications’s payout ratio is 22.00%.

About Gamma Communications

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Gamma Communications plc provides communications and software services for small, medium, and large sized business. It offers strategic services, such as collaboration, cloud PBX, SIP trunking, and inbound call control services; enabling services, including ethernet, broadband, network, and mobile; and traditional call and line services.

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