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

Key Points

• Goodwin PLC's stock has surpassed its 50-day moving average of GBX 8,294.94, reaching a high of GBX 9,760 during trading.
• Shore Capital has maintained a"house stock" rating for Goodwin, indicating confidence in its stock performance.
• The company reported an earnings per share (EPS) of GBX 327.17 for the last quarter, with a net margin of 8.84% and a return on equity of 14.13%.

Goodwin PLC (LON:GDWN - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 8,294.94 ($111.84) and traded as high as GBX 9,760 ($131.59). Goodwin shares last traded at GBX 9,520 ($128.35), with a volume of 4,529 shares trading hands.

Wall Street Analyst Weigh In

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

Goodwin Stock Performance

The firm's 50 day simple moving average is GBX 8,294.94 and its 200-day simple moving average is GBX 7,389.11. The company has a debt-to-equity ratio of 62.10, a quick ratio of 1.00 and a current ratio of 2.21. The company has a market capitalization of £721.17 million, a price-to-earnings ratio of 42.67 and a beta of 0.54.

Goodwin (LON:GDWN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported GBX 327.17 earnings per share (EPS) for the quarter. Goodwin had a net margin of 8.84% and a return on equity of 14.13%.

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.

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