Goodwin (LON:GDWN) Hits New 1-Year High - Still a Buy?

Key Points

• Goodwin PLC (LON:GDWN) shares have reached a new 52-week high at £142.50 ($191.40) during trading, after closing at £131 ($175.96).
• Shore Capital has reiterated a "house stock" rating on Goodwin, suggesting confidence in the stock's performance.
• The company reported earnings of GBX 327.17 per share, with a net margin of 8.84% and return on equity of 14.13% during its last earnings release.

Goodwin PLC (LON:GDWN - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as £142.50 ($191.40) and last traded at £141 ($189.39), with a volume of 11150 shares traded. The stock had previously closed at £131 ($175.96).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "house stock" rating on shares of Goodwin in a research note on Thursday, September 25th.

Goodwin Stock Down 0.7%

The company has a debt-to-equity ratio of 62.10, a current ratio of 2.21 and a quick ratio of 1.00. The firm's fifty day moving average is GBX 9,808.10 and its 200-day moving average is GBX 8,020.33. The stock has a market capitalization of £1.05 billion, a price-to-earnings ratio of 4,279.12 and a beta of 0.54.

Goodwin (LON:GDWN - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported GBX 327.17 earnings per share for the quarter. Goodwin had a net margin of 8.84% and a return on equity of 14.13%.

Goodwin Company Profile

Goodwin PLC, together with its subsidiaries, provides mechanical and refractory engineering solutions primarily in the United Kingdom, rest of Europe, the United States, the Pacific Basin, and internationally. The company designs, manufactures, and sells dual plate check valves, axial nozzle check valves and axial piston control, and isolation valves for large construction projects, including the construction of naval vessels, nuclear waste treatment, nuclear power generation, liquefied natural gas, gas, oil, petrochemical, mining, and water markets; submersible slurry pumps; and radar surveillance systems for defense contractors, civil aviation authorities, and coastal border security agencies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.