Gooch & Housego PLC (LON:GHH – Get Free Report)’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.
Check Out Our Latest Stock Analysis on GHH
Gooch & Housego Stock Performance
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.
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