Gooch & Housego (LON:GHH) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Gooch & Housego PLC (LON:GHH) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 475.95 ($5.96) and traded as high as GBX 518 ($6.48). Gooch & Housego shares last traded at GBX 518 ($6.48), with a volume of 14,214 shares traded.

Gooch & Housego Stock Performance

The company has a market capitalization of £129.71 million, a P/E ratio of 10,360.00 and a beta of 0.96. The company has a debt-to-equity ratio of 32.88, a current ratio of 3.66 and a quick ratio of 1.66. The business’s 50-day moving average price is GBX 478.33 and its two-hundred day moving average price is GBX 464.56.

Gooch & Housego Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, January 23rd will be issued a dividend of GBX 8.30 ($0.10) per share. The ex-dividend date of this dividend is Thursday, January 23rd. This is a positive change from Gooch & Housego’s previous dividend of $4.90. This represents a yield of 1.81%. Gooch & Housego’s payout ratio is currently 26,000.00%.

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.