Gooch & Housego (LON:GHH) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Gooch & Housego PLC (LON:GHH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 777.44 and traded as high as GBX 980. Gooch & Housego shares last traded at GBX 948, with a volume of 215,797 shares.

Analyst Upgrades and Downgrades

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 report on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Gooch & Housego currently has an average rating of “Buy” and a consensus price target of GBX 1,150.

Gooch & Housego Stock Down 6.5%

The firm’s fifty day moving average is GBX 936.15 and its two-hundred day moving average is GBX 777.44. The firm has a market cap of £259.48 million, a price-to-earnings ratio of 66.29 and a beta of 0.88. The company has a debt-to-equity ratio of 45.57, a current ratio of 2.94 and a quick ratio of 1.66.

Gooch & Housego (LON:GHH) last released its earnings results on Tuesday, June 2nd. The company reported GBX 16.40 EPS for the quarter. Gooch & Housego had a net margin of 2.44% and a return on equity of 3.33%. The firm had revenue of GBX 8,188 million for the quarter. On average, sell-side analysts expect that Gooch & Housego PLC will post 40.9691418 EPS for the current fiscal year.

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.