Gooch & Housego (LON:GHH) Share Price Passes Above Two Hundred Day Moving Average of $545.86

Gooch & Housego PLC (LON:GHH)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 545.86 ($6.91) and traded as high as GBX 560 ($7.09). Gooch & Housego shares last traded at GBX 542 ($6.86), with a volume of 15,835 shares traded.

Gooch & Housego Stock Performance

The firm has a market cap of £139.78 million, a P/E ratio of 3,387.50 and a beta of 0.96. The company has a current ratio of 3.40, a quick ratio of 1.66 and a debt-to-equity ratio of 32.58. The business’s fifty day simple moving average is GBX 540.90 and its 200-day simple moving average is GBX 545.86.

Gooch & Housego Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, January 18th were issued a GBX 8.20 ($0.10) dividend. This represents a yield of 1.61%. The ex-dividend date was Thursday, January 18th. This is a positive change from Gooch & Housego’s previous dividend of $4.80. Gooch & Housego’s dividend payout ratio (DPR) is 8,125.00%.

Insider Activity

In related news, insider Gary Bullard bought 4,500 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were purchased at an average price of GBX 494 ($6.25) per share, with a total value of £22,230 ($28,135.68). Insiders own 21.08% of the company’s stock.

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.