Gooch & Housego (LON:GHH) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Gooch & Housego PLC stock price recently surpassed its 200-day moving average, reaching a peak of GBX 582 ($7.80) after last trading at GBX 581.68 ($7.80).
• Deutsche Bank raised their target price for the stock from GBX 625 to GBX 740 and issued a "buy" rating, contributing to a consensus rating of "Buy" among analysts.
• The company specializes in manufacturing and selling acousto-optics, electro-optics, and precision optics systems across multiple international markets.

Gooch & Housego PLC (LON:GHH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 514.28 ($6.89) and traded as high as GBX 582 ($7.80). Gooch & Housego shares last traded at GBX 581.68 ($7.80), with a volume of 14,264 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft increased their target price on Gooch & Housego from GBX 625 to GBX 740 and gave the stock a "buy" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Gooch & Housego currently has a consensus rating of "Buy" and an average price target of GBX 740.

Gooch & Housego Stock Performance

The business's 50 day simple moving average is GBX 554.48 and its two-hundred day simple moving average is GBX 514.28. The firm has a market capitalization of £157.72 million, a PE ratio of 3,213.70 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.

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.

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