Gooch & Housego (LON:GHH) Share Price Crosses Above 200-Day Moving Average of $550.78

Gooch & Housego PLC (LON:GHH) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 550.78 ($6.92) and traded as high as GBX 564.48 ($7.09). Gooch & Housego shares last traded at GBX 562 ($7.06), with a volume of 31,204 shares.

Gooch & Housego Price Performance

The business’s 50 day simple moving average is GBX 527.97 and its 200-day simple moving average is GBX 550.78. The stock has a market capitalization of £147.00 million, a price-to-earnings ratio of 3,512.50 and a beta of 0.96. The company has a quick ratio of 1.66, a current ratio of 3.40 and a debt-to-equity ratio of 32.58.

Gooch & Housego Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 23rd. Investors of record on Thursday, January 18th were paid a GBX 8.20 ($0.10) dividend. This represents a yield of 1.61%. This is a boost from Gooch & Housego’s previous dividend of $4.80. The ex-dividend date of this dividend was Thursday, January 18th. Gooch & Housego’s dividend payout ratio (DPR) is 8,125.00%.

Insiders Place Their Bets

In other Gooch & Housego news, insider Gary Bullard acquired 263 shares of Gooch & Housego stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of GBX 494 ($6.21) per share, with a total value of £1,299.22 ($1,632.19). Corporate insiders own 21.08% of the company’s stock.

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.