Gooch & Housego (LON:GHH) Stock Price Passes Below Two Hundred Day Moving Average of $543.78

Shares of Gooch & Housego PLC (LON:GHH) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 543.78 ($6.80) and traded as low as GBX 506.30 ($6.34). Gooch & Housego shares last traded at GBX 509 ($6.37), with a volume of 14,304 shares.

Wall Street Analyst Weigh In

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 750 ($9.39) price objective on shares of Gooch & Housego in a report on Tuesday, June 6th.

Gooch & Housego Stock Down 0.6 %

The company has a debt-to-equity ratio of 22.12, a quick ratio of 1.66 and a current ratio of 3.53. The company has a market capitalization of £131.27 million, a price-to-earnings ratio of -12,725.00 and a beta of 1.03. The stock’s fifty day simple moving average is GBX 559.10 and its two-hundred day simple moving average is GBX 543.78.

Insider Buying and Selling at Gooch & Housego

In other Gooch & Housego news, insider Susan Searle purchased 1,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average cost of GBX 557 ($6.97) per share, with a total value of £5,570 ($6,970.34). 12.90% of the stock is owned by corporate insiders.

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 operates through three segments: Aerospace and Defence, Life Sciences/Biophotonics, and Industrial.