Gooch & Housego (LON:GHH) Stock Price Up 38.4% – Should You Buy?

Gooch & Housego PLC (LON:GHH)’s stock price shot up 38.4% during mid-day trading on Thursday . The stock traded as high as GBX 1,270 and last traded at GBX 1,210. Approximately 1,846,416 shares traded hands during trading, an increase of 1,408% from the average session volume of 122,466 shares. The stock had previously closed at GBX 874.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on Gooch & Housego from GBX 880 to GBX 1,150 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, Gooch & Housego currently has an average rating of “Buy” and a consensus price target of GBX 1,150.

Gooch & Housego Stock Up 38.4%

The business has a 50-day moving average of GBX 946.21 and a 200 day moving average of GBX 817.56. The company has a market capitalization of £331.19 million, a PE ratio of 84.62 and a beta of 0.89. The company has a debt-to-equity ratio of 45.57, a current ratio of 2.94 and a quick ratio of 1.66.

Gooch & Housego (LON:GHH) last released its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 16.40 earnings per share for the quarter. Gooch & Housego had a return on equity of 3.33% and a net margin of 2.44%.The business had revenue of GBX 8,188 million during the quarter. Equities research analysts predict that Gooch & Housego PLC will post 40.9691418 earnings per share 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.