Gooch & Housego (LON:GHH) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Gooch & Housego PLC (LON:GHH)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 618.63 and traded as high as GBX 848. Gooch & Housego shares last traded at GBX 826, with a volume of 261,497 shares traded.

Gooch & Housego Stock Performance

The company has a market capitalization of £213.49 million, a price-to-earnings ratio of 58.65 and a beta of 0.74. The company has a current ratio of 2.74, a quick ratio of 1.66 and a debt-to-equity ratio of 43.47. The stock’s 50 day moving average price is GBX 727.75 and its 200 day moving average price is GBX 621.62.

Insider Activity

In related news, insider Charlie Peppiatt sold 41,617 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of GBX 614, for a total transaction of £255,528.38. Company insiders own 1.31% of the company’s stock.

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.