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

Key Points

• Gooch & Housego PLC's stock price has surpassed its 200-day moving average at GBX 492.05, trading as high as GBX 590 ($7.93) during recent trading sessions.
• Deutsche Bank Aktiengesellschaft upgraded its price target for the stock from GBX 625 ($8.41) to GBX 740 ($9.95), maintaining a "buy" rating.
• The company reported a Q2 earnings per share of GBX 15 ($0.20) and has an expected annual earnings per share of approximately 40.97 for the current year.

Gooch & Housego PLC (LON:GHH - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 492.05 ($6.62) and traded as high as GBX 590 ($7.93). Gooch & Housego shares last traded at GBX 590 ($7.93), with a volume of 17,188 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Gooch & Housego from GBX 625 ($8.41) to GBX 740 ($9.95) and gave the stock a "buy" rating in a report on Friday, July 11th.

Gooch & Housego Trading Down 2.0%

The firm has a market cap of £146.36 million, a price-to-earnings ratio of 133.78 and a beta of 0.96. The company has a debt-to-equity ratio of 29.92, a quick ratio of 1.66 and a current ratio of 3.19. The company has a 50 day moving average price of GBX 594.85 and a 200 day moving average price of GBX 492.05.

Gooch & Housego (LON:GHH - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported GBX 15 ($0.20) earnings per share for the quarter. Gooch & Housego had a net margin of 0.78% and a return on equity of 1.02%. On average, research analysts expect 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.

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