Gooch & Housego (LON:GHH) Shares Break Above 200 Day Moving Average – Here’s Why

Gooch & Housego PLC (LON:GHH) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 999.99 and traded as high as GBX 1,225. Gooch & Housego shares last traded at GBX 1,225, with a volume of 2,984,843 shares trading hands.

Analyst Ratings Changes

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

Gooch & Housego Price Performance

The company has a debt-to-equity ratio of 45.57, a quick ratio of 1.66 and a current ratio of 2.94. The company has a 50-day moving average price of GBX 1,212.95 and a 200-day moving average price of GBX 1,003.18. The firm has a market capitalization of £334.88 million, a P/E ratio of 85.56 and a beta of 0.92.

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.