Gooch & Housego (LON:GHH) Share Price Passes Below 200-Day Moving Average of $509.08

Gooch & Housego PLC (LON:GHH) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 509.08 ($6.66) and traded as low as GBX 445.10 ($5.82). Gooch & Housego shares last traded at GBX 472 ($6.17), with a volume of 29,669 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on Gooch & Housego from GBX 675 ($8.83) to GBX 635 ($8.30) and set a “buy” rating for the company in a report on Friday, August 30th.

Gooch & Housego Trading Down 1.5 %

The firm has a market cap of £116.42 million, a P/E ratio of 9,440.00 and a beta of 0.96. The stock has a fifty day simple moving average of GBX 467.76 and a 200 day simple moving average of GBX 509.08. The company has a debt-to-equity ratio of 32.88, a quick ratio of 1.66 and a current ratio of 3.66.

Insiders Place Their Bets

In other Gooch & Housego news, insider Gary Bullard bought 2,000 shares of Gooch & Housego stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of GBX 456 ($5.96) per share, with a total value of £9,120 ($11,926.25). Corporate insiders own 24.09% of the company’s stock.

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.