Goodwin (LON:GDWN) Shares Cross Above 50 Day Moving Average - What's Next?

Goodwin PLC (LON:GDWN - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 6,789.30 ($89.96) and traded as high as GBX 7,180 ($95.14). Goodwin shares last traded at GBX 7,100 ($94.08), with a volume of 3,602 shares trading hands.

Goodwin Price Performance

The company has a current ratio of 2.21, a quick ratio of 1.00 and a debt-to-equity ratio of 62.10. The stock has a market cap of £519.37 million, a PE ratio of 30.73 and a beta of 0.54. The company's 50 day moving average is GBX 6,760.10 and its 200-day moving average is GBX 6,987.19.

Goodwin Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 20th were given a dividend of GBX 66.50 ($0.88) per share. This represents a dividend yield of 0.85%. This is a positive change from Goodwin's previous dividend of $57.50. The ex-dividend date was Thursday, March 20th. Goodwin's payout ratio is presently 59.92%.

Insider Activity at Goodwin

In related news, insider Timothy J.W. Goodwin bought 3,516 shares of the company's stock in a transaction dated Monday, February 17th. The stock was bought at an average price of GBX 7,110 ($94.21) per share, with a total value of £249,987.60 ($331,241.02). 67.18% of the stock is currently owned by company insiders.

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.