Gamma Communications’ (GAMA) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Gamma Communications (LON:GAMA) in a report released on Monday, Marketbeat.com reports.

Gamma Communications Trading Up 0.6 %

Shares of LON GAMA opened at GBX 1,360 ($17.19) on Monday. The business’s 50 day moving average is GBX 1,239.88 and its two-hundred day moving average is GBX 1,141.59. The company has a debt-to-equity ratio of 3.80, a current ratio of 3.40 and a quick ratio of 2.45. Gamma Communications has a 1-year low of GBX 980.10 ($12.39) and a 1-year high of GBX 1,418 ($17.92). The stock has a market capitalization of £1.33 billion, a P/E ratio of 2,566.04, a PEG ratio of 2.79 and a beta of 0.73.

Gamma Communications Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a dividend of GBX 11.40 ($0.14) per share. This is a boost from Gamma Communications’s previous dividend of $5.70. This represents a yield of 0.84%. The ex-dividend date is Thursday, May 30th. Gamma Communications’s payout ratio is presently 3,018.87%.

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.