Gamma Communications (LON:GAMA) Shares Pass Above Fifty Day Moving Average of $1,127.07

Gamma Communications plc (LON:GAMA – Get Rating)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,127.07 ($14.02) and traded as high as GBX 1,206 ($15.00). Gamma Communications shares last traded at GBX 1,206 ($15.00), with a volume of 155,209 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 1,300 ($16.17) price target on shares of Gamma Communications in a research report on Wednesday, March 22nd.

Gamma Communications Stock Performance

The stock’s 50-day moving average price is GBX 1,127.07 and its 200-day moving average price is GBX 1,126.88. The company has a current ratio of 3.05, a quick ratio of 2.45 and a debt-to-equity ratio of 4.40. The company has a market capitalization of £1.14 billion, a P/E ratio of 2,412.00, a P/E/G ratio of 2.79 and a beta of 0.83.

Gamma Communications Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 1st will be given a GBX 10 ($0.12) dividend. The ex-dividend date is Thursday, June 1st. This is an increase from Gamma Communications’s previous dividend of $5.00. This represents a yield of 0.88%. Gamma Communications’s dividend payout ratio (DPR) is currently 3,000.00%.

Insider Activity at Gamma Communications

In other news, insider Henrietta Marsh acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were purchased at an average cost of GBX 1,066 ($13.26) per share, for a total transaction of £21,320 ($26,517.41). 3.12% of the stock is currently owned by insiders.

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.