Gooch & Housego (LON:GHH) Share Price Crosses Above 200-Day Moving Average – Here’s Why

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 908.38 and traded as high as GBX 1,225. Gooch & Housego shares last traded at GBX 1,217.50, with a volume of 36,177 shares traded.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Gooch & Housego from GBX 880 to GBX 1,150 and gave the company a “buy” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Gooch & Housego presently 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 50-day moving average price of GBX 1,051.56 and a 200-day moving average price of GBX 908.38. The firm has a market capitalization of £333.24 million, a PE ratio of 85.14 and a beta of 0.92.

Gooch & Housego (LON:GHH) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 16.40 EPS for the quarter. Gooch & Housego had a return on equity of 3.33% and a net margin of 2.44%.The firm had revenue of GBX 8,188 million during the quarter. On average, research analysts expect 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.