Gooch & Housego (LON:GHH) Stock Price Up 38.4% – Should You Buy?

Gooch & Housego PLC (LON:GHH) traded up 38.4% on Thursday . The stock traded as high as GBX 1,270 and last traded at GBX 1,210. Approximately 1,846,416 shares traded hands during trading, an increase of 1,408% from the average session volume of 122,466 shares. The stock had previously closed at GBX 874.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price objective 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.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,150.

Gooch & Housego Stock Performance

The stock has a market capitalization of £331.19 million, a PE ratio of 84.62 and a beta of 0.89. The business’s 50 day moving average is GBX 946.21 and its 200 day moving average is GBX 817.56. 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:GHH) last announced its quarterly earnings data 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 business had revenue of GBX 8,188 million during the quarter. On average, equities research analysts predict that Gooch & Housego PLC will post 40.9691418 earnings per share 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.