Gooch & Housego (LON:GHH) Stock Crosses Above 200 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) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 492.05 ($6.61) and traded as high as GBX 590 ($7.92). Gooch & Housego shares last traded at GBX 590 ($7.92), with a volume of 17,188 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gooch & Housego from GBX 625 ($8.39) to GBX 740 ($9.94) and gave the company a "buy" rating in a report on Friday, July 11th.

Gooch & Housego Stock Up 0.4%

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 stock has a market cap of £142.81 million, a P/E ratio of 130.54 and a beta of 0.96. The stock's fifty day simple moving average is GBX 597.17 and its 200-day simple moving average is GBX 494.20.

Gooch & Housego (LON:GHH - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported GBX 15 ($0.20) earnings per share (EPS) for the quarter. Gooch & Housego had a net margin of 0.78% and a return on equity of 1.02%. As a group, research analysts forecast that Gooch & Housego PLC will post 40.9691418 earnings per share for the current fiscal 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.