Gooch & Housego (LON:GHH) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Gooch & Housego PLC's stock price has recently crossed above its 200-day moving average, trading at GBX 545.33 (approximately $7.38), which may indicate a bullish trend.
• Deutsche Bank has increased its price target for Gooch & Housego from GBX 625 to GBX 740, affirming its "buy" rating for the stock.
• The company specializes in manufacturing optical systems and components, with a market capitalization of £147.15 million and a low price-to-earnings ratio of 2,998.34.

Gooch & Housego PLC (LON:GHH - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 507.04 ($6.88) and traded as high as GBX 562 ($7.62). Gooch & Housego shares last traded at GBX 545.33 ($7.40), with a volume of 76,232 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gooch & Housego from GBX 625 to GBX 740 and gave the stock a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 740.

Gooch & Housego Stock Performance

The firm's fifty day moving average price is GBX 567.01 and its 200-day moving average price is GBX 508.45. 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 company has a market cap of £149.22 million, a P/E ratio of 3,040.50 and a beta of 0.96.

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.