Gamma Communications (LON:GAMA) Reaches New 12-Month High Following Dividend Announcement

Gamma Communications plc (LON:GAMA)’s share price hit a new 52-week high during trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 1,592 ($20.82) and last traded at GBX 1,588 ($20.77), with a volume of 3377621 shares trading hands. The stock had previously closed at GBX 1,502 ($19.64).

The newly announced dividend which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be issued a GBX 6.50 ($0.09) dividend. This represents a dividend yield of 0.43%. The ex-dividend date is Thursday, September 19th. Gamma Communications’s dividend payout ratio (DPR) is currently 3,090.91%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GAMA shares. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a research note on Tuesday. Berenberg Bank started coverage on shares of Gamma Communications in a research note on Monday, June 3rd. They issued a “buy” rating and a GBX 1,980 ($25.89) price target for the company.

Gamma Communications Stock Up 0.6 %

The business’s fifty day moving average price is GBX 1,485.45 and its 200 day moving average price is GBX 1,405.23. The firm has a market capitalization of £1.63 billion, a price-to-earnings ratio of 3,098.18, a PEG ratio of 2.79 and a beta of 0.82. The company has a current ratio of 2.92, a quick ratio of 2.45 and a debt-to-equity ratio of 3.40.

About Gamma Communications

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.