Gooch & Housego (LON:GHH) Stock Crosses Below 200-Day Moving Average – Here’s Why

Gooch & Housego PLC (LON:GHH)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 462.68 ($5.63) and traded as low as GBX 453.63 ($5.52). Gooch & Housego shares last traded at GBX 464 ($5.65), with a volume of 67,078 shares changing hands.

Gooch & Housego Stock Up 5.6 %

The company has a debt-to-equity ratio of 32.88, a quick ratio of 1.66 and a current ratio of 3.66. The company has a market capitalization of £122.20 million, a PE ratio of 9,760.00 and a beta of 0.96. The firm’s 50-day simple moving average is GBX 486.98 and its 200 day simple moving average is GBX 462.85.

Gooch & Housego Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors 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 represents a yield of 1.81%. This is an increase from Gooch & Housego’s previous dividend of $4.90. Gooch & Housego’s payout ratio is currently 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.