Gooch & Housego (LON:GHH) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of Gooch & Housego PLC (LON:GHH) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 982.22 and traded as high as GBX 1,210. Gooch & Housego shares last traded at GBX 1,210, with a volume of 284,626 shares traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of 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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,150.

Gooch & Housego Trading Up 0.4%

The firm has a market cap of £331.19 million, a P/E ratio of 84.62 and a beta of 0.92. The company has a debt-to-equity ratio of 45.57, a current ratio of 2.94 and a quick ratio of 1.66. The stock has a 50 day moving average of GBX 1,176.56 and a 200 day moving average of GBX 985.38.

About Gooch & Housego

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.