Gooch & Housego (LON:GHH) Stock Price Up 38.4% – Time to Buy?

Gooch & Housego PLC (LON:GHH)’s share price traded up 38.4% during trading on Thursday . The stock traded as high as GBX 1,270 and last traded at GBX 1,210. Approximately 1,846,416 shares traded hands during mid-day trading, an increase of 1,408% from the average session volume of 122,466 shares. The stock had previously closed at GBX 874.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on Gooch & Housego from GBX 880 to GBX 1,150 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,150.

Gooch & Housego Stock Down 0.4%

The company has a debt-to-equity ratio of 45.57, a quick ratio of 1.66 and a current ratio of 2.94. The firm has a market capitalization of £331.19 million, a PE ratio of 84.62 and a beta of 0.89. The company has a fifty day moving average price of GBX 958.25 and a 200-day moving average price of GBX 824.51.

Gooch & Housego (LON:GHH) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 16.40 earnings per share for the quarter. Gooch & Housego had a net margin of 2.44% and a return on equity of 3.33%. The company had revenue of GBX 8,188 million for the quarter. As a group, analysts expect that Gooch & Housego PLC will post 40.9691418 earnings per share for the current year.

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.