Gooch & Housego (LON:GHH) Stock Price Up 12.5% on Insider Buying Activity

Gooch & Housego PLC (LON:GHH)’s stock price was up 12.5% on Tuesday following insider buying activity. The stock traded as high as GBX 589.12 and last traded at GBX 576. Approximately 103,089 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 52,864 shares. The stock had previously closed at GBX 512.

Specifically, insider Louise Evans acquired 953 shares of the stock in a transaction on Tuesday, December 2nd. The stock was bought at an average cost of GBX 523 per share, with a total value of £4,984.19.

Gooch & Housego Trading Up 12.5%

The stock’s 50-day moving average price is GBX 548.11 and its 200 day moving average price is GBX 558.93. The company has a debt-to-equity ratio of 29.92, a current ratio of 3.19 and a quick ratio of 1.66. The firm has a market capitalization of £156.67 million, a PE ratio of 31.82 and a beta of 0.96.

Gooch & Housego (LON:GHH) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 35.40 earnings per share (EPS) for the quarter. Gooch & Housego had a return on equity of 1.02% and a net margin of 0.78%. On average, sell-side analysts expect that Gooch & Housego PLC will post 40.9691418 EPS for the current fiscal 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.