Gooch & Housego (LON:GHH) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Gooch & Housego PLC (LON:GHH)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 482.11 ($6.20) and traded as low as GBX 452.92 ($5.83). Gooch & Housego shares last traded at GBX 483 ($6.22), with a volume of 52,306 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Gooch & Housego from GBX 675 ($8.69) to GBX 635 ($8.17) and set a “buy” rating on the stock in a research report on Friday, August 30th.

Gooch & Housego Stock Performance

The stock’s 50 day moving average price is GBX 433.75 and its 200 day moving average price is GBX 481.58. The company has a current ratio of 3.66, a quick ratio of 1.66 and a debt-to-equity ratio of 32.88. The firm has a market cap of £119.32 million, a PE ratio of 9,530.40 and a beta of 0.96.

Insiders Place Their Bets

In related news, insider Gary Bullard bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average cost of GBX 422 ($5.43) per share, for a total transaction of £21,100 ($27,152.23). 24.11% of the stock is currently owned by insiders.

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.