Gooch & Housego (LON:GHH) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Gooch & Housego PLC (LON:GHH) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 877.06 and traded as high as GBX 1,230. Gooch & Housego shares last traded at GBX 1,220, with a volume of 2,564,506 shares trading hands.

Analysts Set New Price Targets

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

Gooch & Housego Stock Performance

The firm’s 50 day moving average is GBX 1,024.79 and its 200 day moving average is GBX 885.54. The company has a debt-to-equity ratio of 45.57, a current ratio of 2.94 and a quick ratio of 1.66. The company has a market capitalization of £335.29 million, a PE ratio of 85.66 and a beta of 0.89.

Gooch & Housego (LON:GHH) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 16.40 earnings per share (EPS) for the quarter. The firm had revenue of GBX 8,188 million for the quarter. Gooch & Housego had a net margin of 2.44% and a return on equity of 3.33%. As a group, equities analysts predict that Gooch & Housego PLC will post 40.9691418 EPS for the current 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.