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Gooch & Housego (LON:GHH) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Gooch & Housego logo with Computer and Technology background

Key Points

  • Gooch & Housego PLC shares crossed above their 200-day moving average, reaching a high of GBX 640 ($8.49) before last trading at GBX 620 ($8.22).
  • Deutsche Bank raised its target price for Gooch & Housego shares from GBX 625 ($8.29) to GBX 740 ($9.81), maintaining a "buy" rating.
  • The company has announced a forecasted earnings per share of 40.97 for the current fiscal year, with a reported net margin of 0.78%.
  • Looking to export and analyze Gooch & Housego data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Gooch & Housego PLC (LON:GHH - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 486.47 ($6.46) and traded as high as GBX 640 ($8.49). Gooch & Housego shares last traded at GBX 620 ($8.23), with a volume of 63,381 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Gooch & Housego from GBX 625 ($8.30) to GBX 740 ($9.82) and gave the stock a "buy" rating in a research report on Friday, July 11th.

Get Our Latest Stock Analysis on GHH

Gooch & Housego Stock Performance

The stock has a market capitalization of £156.99 million, a P/E ratio of 143.50 and a beta of 0.96. The company has a 50-day moving average price of GBX 589.09 and a two-hundred day moving average price of GBX 488.87. 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 (LON:GHH - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported GBX 15 ($0.20) EPS for the quarter. Gooch & Housego had a return on equity of 1.02% and a net margin of 0.78%. On average, equities analysts forecast that Gooch & Housego PLC will post 40.9691418 earnings per share for the current year.

About Gooch & Housego

(Get Free Report)

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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