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Gooch & Housego (LON:GHH) Stock Passes Below 200-Day Moving Average - Here's Why

Gooch & Housego logo with Computer and Technology background

Key Points

  • Gooch & Housego PLC stock price fell below its 200-day moving average of GBX 500.34, trading as low as GBX 480.
  • Deutsche Bank raised its target price for the stock from GBX 625 to GBX 740, maintaining a "buy" rating.
  • The company's most recent earnings report showed earnings of GBX 15 per share, with analysts predicting a current year EPS of approximately GBX 40.97.
  • Want stock alerts on Gooch & Housego? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Gooch & Housego PLC (LON:GHH - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 500.34 ($6.76) and traded as low as GBX 480 ($6.48). Gooch & Housego shares last traded at GBX 498 ($6.73), with a volume of 21,045 shares traded.

Analyst Ratings Changes

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

Get Our Latest Analysis on GHH

Gooch & Housego Stock Performance

The firm has a market capitalization of £127.62 million, a PE ratio of 116.65 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's fifty day moving average price is GBX 583.49 and its two-hundred day moving average price is GBX 500.88.

Gooch & Housego (LON:GHH - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported GBX 15 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, equities analysts expect 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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