Goodwin (LON:GDWN) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Goodwin PLC (LON:GDWN - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 6,989.60 ($94.00) and traded as high as GBX 7,700 ($103.55). Goodwin shares last traded at GBX 7,640 ($102.74), with a volume of 3,654 shares traded.

Goodwin Stock Up 2.0%

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 business has a 50 day moving average price of GBX 7,049.71 and a 200 day moving average price of GBX 7,072.35. The firm has a market capitalization of £568.47 million, a P/E ratio of 33.63 and a beta of 0.54.

Goodwin Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, March 20th were issued a dividend of GBX 66.50 ($0.89) per share. This is an increase from Goodwin's previous dividend of $57.50. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 0.85%. Goodwin's payout ratio is presently 59.92%.

Insider Transactions at Goodwin

In other Goodwin news, insider Timothy J.W. Goodwin purchased 1,268 shares of the stock in a transaction on Wednesday, April 9th. The shares were purchased at an average price of GBX 6,050 ($81.36) per share, with a total value of £76,714 ($103,165.68). Insiders own 67.18% of the company's stock.

About Goodwin

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.