Gooch & Housego (LON:GHH) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Gooch & Housego PLC (LON:GHH) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 462.32 ($5.77) and traded as low as GBX 441 ($5.51). Gooch & Housego shares last traded at GBX 462 ($5.77), with a volume of 26,396 shares traded.

Gooch & Housego Stock Down 2.8 %

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 stock has a market cap of £112.43 million, a P/E ratio of 8,980.00 and a beta of 0.96. The firm has a 50-day simple moving average of GBX 485.42 and a two-hundred day simple moving average of GBX 462.31.

Gooch & Housego (LON:GHH) last released its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 25.50 ($0.32) EPS for the quarter. Gooch & Housego had a negative net margin of 5.28% and a positive return on equity of 1.16%. Equities research analysts expect that Gooch & Housego PLC will post 40.9691418 earnings per share for the current fiscal year.

Gooch & Housego Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, January 23rd will be given a GBX 8.30 ($0.10) dividend. This represents a dividend yield of 1.81%. This is an increase from Gooch & Housego’s previous dividend of $4.90. The ex-dividend date is Thursday, January 23rd. Gooch & Housego’s payout ratio is presently 26,000.00%.

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.