Goodwin (LON:GDWN) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Goodwin PLC (LON:GDWN) stock surpassed its 50-day moving average during trading, reaching a high of GBX 9,715 ($130.58).
• The company reported a quarterly earnings per share (EPS) of GBX 327.17 with a net margin of 8.84% and a return on equity of 14.13%.
• Shore Capital reaffirmed a "house stock" rating on Goodwin shares, indicating continued confidence in the company's performance.

Shares of Goodwin PLC (LON:GDWN - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 8,538.51 ($115.67) and traded as high as GBX 9,715 ($131.60). Goodwin shares last traded at GBX 9,680 ($131.13), with a volume of 4,421 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Goodwin in a report on Wednesday, July 30th.

Goodwin Trading Up 3.9%

The company has a market cap of £826.85 million, a price-to-earnings ratio of 3,365.22 and a beta of 0.54. The business's fifty day moving average price is GBX 8,675.31 and its 200 day moving average price is GBX 7,552.98. The company has a debt-to-equity ratio of 62.10, a current ratio of 2.21 and a quick ratio of 1.00.

Goodwin (LON:GDWN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported GBX 327.17 EPS 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.