Gooch & Housego (LON:GHH) Shares Cross Below 200 Day Moving Average - Time to Sell?

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.

Gooch & Housego PLC (LON:GHH - Get Free Report)'s share price crossed 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.

Analysts Set New Price Targets

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

Gooch & Housego Stock Performance

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 market cap of £134.22 million, a price-to-earnings ratio of 2,734.81 and a beta of 0.96. The company has a fifty day moving average of GBX 581.68 and a two-hundred day moving average of GBX 502.35.

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