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Goodwin (LON:GDWN) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Goodwin logo with Industrials background

Shares of Goodwin PLC (LON:GDWN - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 6,722.90 ($91.11) and traded as high as GBX 7,180 ($97.30). Goodwin shares last traded at GBX 6,900 ($93.51), with a volume of 5,277 shares trading hands.

Goodwin Trading Up 3.0%

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 firm has a 50 day simple moving average of GBX 6,778.40 and a 200 day simple moving average of GBX 7,003.13. The firm has a market capitalization of £574.20 million, a PE ratio of 33.97 and a beta of 0.54.

Goodwin Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 20th were paid a GBX 66.50 ($0.90) dividend. 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 yield of 0.85%. Goodwin's payout ratio is presently 59.92%.

Insider Transactions at Goodwin

In related news, insider Timothy J.W. Goodwin purchased 1,268 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average price of GBX 6,050 ($81.99) per share, for a total transaction of £76,714 ($103,962.60). Insiders own 67.18% of the company's stock.

About Goodwin

(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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