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Goodwin (LON:GDWN) Shares Pass Above 50-Day Moving Average - Here's What Happened

Goodwin logo with Industrials background

Goodwin PLC (LON:GDWN - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 7,205.68 ($98.08) and traded as high as GBX 7,740 ($105.35). Goodwin shares last traded at GBX 7,679.39 ($104.52), with a volume of 731 shares.

Goodwin Stock Performance

The company has a market cap of £590.91 million, a PE ratio of 34.96 and a beta of 0.54. The firm's fifty day moving average is GBX 7,220.47 and its 200 day moving average is GBX 7,125.57. The company has a current ratio of 2.21, a quick ratio of 1.00 and a debt-to-equity ratio of 62.10.

Goodwin Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 20th were paid a dividend of GBX 66.50 ($0.91) per share. This represents a yield of 0.85%. The ex-dividend date was Thursday, March 20th. This is a boost from Goodwin's previous dividend of $57.50. Goodwin's payout ratio is 59.92%.

Insider Transactions at Goodwin

In other news, insider Timothy J.W. Goodwin purchased 1,268 shares of the stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average price of GBX 6,050 ($82.35) per share, with a total value of £76,714 ($104,415.41). 67.18% of the stock is currently owned by company insiders.

Goodwin Company Profile

(Get Free Report)

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.

Further Reading

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