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

Gooch & Housego PLC (LON:GHHGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Gooch & Housego currently has an average rating of “Buy” and an average price target of GBX 1,150.

View Our Latest Stock Report on GHH

Gooch & Housego Price Performance

The company has a 50 day moving average price of GBX 938.55 and a 200 day moving average price of GBX 778.55. The firm has a market cap of £256.19 million, a PE ratio of 65.45 and a beta of 0.88. The company has a current ratio of 2.94, a quick ratio of 1.66 and a debt-to-equity ratio of 45.57.

Gooch & Housego (LON:GHHGet Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 16.40 earnings per share 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 for the quarter. On average, sell-side analysts expect that Gooch & Housego PLC will post 40.9691418 EPS for the current year.

About Gooch & Housego

(Get Free Report)

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.

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