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

Gooch & Housego PLC (LON:GHH) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

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

Gooch & Housego Stock Up 0.4%

The company has a current ratio of 2.94, a quick ratio of 1.66 and a debt-to-equity ratio of 45.57. The stock has a market cap of £257.29 million, a P/E ratio of 65.73 and a beta of 0.88. The firm has a 50-day simple moving average of GBX 945.42 and a two-hundred day simple moving average of GBX 791.41.

Gooch & Housego (LON:GHH) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 16.40 earnings per share (EPS) for the quarter. Gooch & Housego had a net margin of 2.44% and a return on equity of 3.33%. The company had revenue of GBX 8,188 million during the quarter. Equities research analysts expect that Gooch & Housego PLC will post 40.9691418 earnings per share 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.