Gooch & Housego (LON:GHH) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Gooch & Housego PLC (LON:GHH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 791.41 and traded as high as GBX 958. Gooch & Housego shares last traded at GBX 940, with a volume of 285,630 shares traded.

Analysts Set New Price Targets

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

Gooch & Housego Stock Performance

The company has a market capitalization of £257.29 million, a P/E ratio of 65.73 and a beta of 0.88. The company’s 50 day moving average is GBX 945.42 and its 200-day moving average is GBX 791.41. The company has a current ratio of 2.94, a quick ratio of 1.66 and a debt-to-equity ratio of 45.57.

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

Gooch & Housego Company Profile

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.