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

Shares of Gooch & Housego PLC (LON:GHH) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 457.28 ($5.77) and traded as low as GBX 425 ($5.36). Gooch & Housego shares last traded at GBX 434.70 ($5.48), with a volume of 28,254 shares trading hands.

Gooch & Housego Stock Performance

The stock’s 50-day simple moving average is GBX 472.18 and its 200-day simple moving average is GBX 457.28. The stock has a market cap of £110.55 million, a price-to-earnings ratio of 101.05 and a beta of 0.96. The company has a current ratio of 3.19, a quick ratio of 1.66 and a debt-to-equity ratio of 29.92.

Gooch & Housego (LON:GHH) last issued its earnings results on Tuesday, December 3rd. The company reported GBX 25.50 ($0.32) earnings per share for the quarter. Gooch & Housego had a return on equity of 1.02% and a net margin of 0.78%. Analysts forecast that Gooch & Housego PLC will post 40.9691418 earnings per share for the current fiscal year.

Gooch & Housego Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, January 23rd will be issued a dividend of GBX 8.30 ($0.10) per share. The ex-dividend date is Thursday, January 23rd. This is an increase from Gooch & Housego’s previous dividend of $4.90. This represents a yield of 1.81%. Gooch & Housego’s payout ratio is presently 300.89%.

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.