Gooch & Housego (LON:GHH) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Gooch & Housego's share price has recently crossed above its 200-day moving average, indicating a potential upward trend in the stock.
• Deutsche Bank has raised the price target for Gooch & Housego from GBX 625 to GBX 740, with a "buy" rating suggesting optimism for future growth.
• The company's stock is currently down 6.7%, despite analysts predicting earnings of approximately GBX 40.97 per share for the current fiscal year.

Gooch & Housego PLC (LON:GHH - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 496.16 ($6.66) and traded as high as GBX 536.94 ($7.20). Gooch & Housego shares last traded at GBX 500 ($6.71), with a volume of 15,128 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gooch & Housego from GBX 625 to GBX 740 and gave the company a "buy" rating in a report on Friday, July 11th. 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 target price of GBX 740.

Gooch & Housego Price Performance

The company has a quick ratio of 1.66, a current ratio of 3.19 and a debt-to-equity ratio of 29.92. The firm's fifty day moving average price is GBX 591.85 and its two-hundred day moving average price is GBX 498.29. The stock has a market capitalization of £125.59 million, a PE ratio of 114.80 and a beta of 0.96.

Gooch & Housego (LON:GHH - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported GBX 15 EPS for the quarter. Gooch & Housego had a net margin of 0.78% and a return on equity of 1.02%. On average, equities analysts predict that Gooch & Housego PLC will post 40.9691418 earnings per share 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.