Gooch & Housego (LON:GHH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Gooch & Housego PLC (LON:GHH) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 756.23 and traded as high as GBX 950. Gooch & Housego shares last traded at GBX 936, with a volume of 152,774 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Gooch & Housego from GBX 880 to GBX 1,150 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 1,150.

Gooch & Housego Stock Performance

The company has a debt-to-equity ratio of 45.57, a current ratio of 2.94 and a quick ratio of 1.66. The stock has a market cap of £271.52 million, a price-to-earnings ratio of 69.37 and a beta of 0.88. The stock’s 50-day moving average is GBX 917.41 and its 200 day moving average is GBX 761.11.

Gooch & Housego (LON:GHH) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 16.40 EPS for the quarter. The firm had revenue of GBX 8,188 million during the quarter. Gooch & Housego had a net margin of 2.44% and a return on equity of 3.33%. As a group, analysts predict that Gooch & Housego PLC will post 40.9691418 earnings per share for the current fiscal year.

About Gooch & Housego

Gooch & Housego PLC engages in the manufacture and sale of acousto-optics, electro-optics, fiber optics, and precision optics and systems in the United Kingdom, North America, Europe, the Asia Pacific, and internationally. It offers acousto-optic products, such as acoustic-optic modulators, deflectors, frequency shifters, mode lockers, pulse pickers, Q-switches, tunable filters, and RF drivers; crystal optics, including crystals and nonlinear optics, lithium niobate wafers, and periodically-poled lithium niobite; and electro-optics, such as pockels cells, lithium niobate Q-switches, and pockels cell drivers.