Gamma Communications ( (GB:GAMA) ) just unveiled an update.
Gamma Communications PLC announced the purchase of 500,000 of its ordinary shares as part of its ongoing buyback program. This move is part of a strategy to reduce the number of shares in circulation, potentially increasing the value of remaining shares and enhancing shareholder value. Following this transaction, Gamma has bought back a total of 2,454,000 shares, leaving 95,046,389 shares in issue and 1,704,653 shares held in treasury. The buyback could strengthen Gamma’s market position by optimizing its capital structure and signaling confidence in its financial health.
More about Gamma Communications
Gamma Communications PLC operates in the telecommunications industry, providing a range of communication services and solutions. The company focuses on delivering unified communications, mobile, and connectivity services to businesses across the UK and Europe.
YTD Price Performance: -18.43%
Average Trading Volume: 562,047
Technical Sentiment Signal: Buy
Current Market Cap: £1.17B
For a thorough assessment of GAMA stock, go to TipRanks’ Stock Analysis page.