Gooch & Housego (LON:GHH) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Gooch & Housego PLC (LON:GHH - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 452.77 ($6.14) and traded as high as GBX 536 ($7.27). Gooch & Housego shares last traded at GBX 522 ($7.08), with a volume of 19,475 shares traded.

Gooch & Housego Stock Down 1.4%

The stock has a market cap of £129.30 million, a price-to-earnings ratio of 118.19 and a beta of 0.96. The company has a current ratio of 3.19, a quick ratio of 1.66 and a debt-to-equity ratio of 29.92. The business's fifty day simple moving average is GBX 428.53 and its 200 day simple moving average is GBX 453.57.

Gooch & Housego Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, January 23rd were issued a GBX 8.30 ($0.11) dividend. This is a positive change from Gooch & Housego's previous dividend of $4.90. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a dividend yield of 1.81%. Gooch & Housego's payout ratio is 300.89%.

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.