Gooch & Housego (LON:GHH) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Gooch & Housego PLC (LON:GHH) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 756.23 and traded as high as GBX 950. Gooch & Housego shares last traded at GBX 936, with a volume of 152,774 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lifted 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 research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,150.

Gooch & Housego Stock Performance

The firm has a market capitalization of £256.19 million, a price-to-earnings ratio of 65.45 and a beta of 0.88. The company has a quick ratio of 1.66, a current ratio of 2.94 and a debt-to-equity ratio of 45.57. The stock has a 50-day moving average price of GBX 908.85 and a 200 day moving average price of GBX 756.23.

Gooch & Housego (LON:GHH) last announced its quarterly earnings data 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 business had revenue of GBX 8,188 million during the quarter. On average, analysts forecast that Gooch & Housego PLC will post 40.9691418 EPS for the current 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.