Goodwin (LON:GDWN) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Goodwin PLC's share price has recently surpassed its 200-day moving average of GBX 8,724.37 ($117.14), with the stock trading as high as £145.50 ($195.35).
• The company has a current market capitalization of £1.03 billion and reported a net margin of 8.84% with a return on equity of 14.13% in its latest quarterly earnings.
• Shore Capital has reissued a "house stock" rating for Goodwin PLC, indicating ongoing positive sentiment from analysts about the stock's performance.

Goodwin PLC (LON:GDWN - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8,724.37 ($117.14) and traded as high as £145.50 ($195.35). Goodwin shares last traded at £136.76 ($183.61), with a volume of 8,577 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "house stock" rating on shares of Goodwin in a research note on Thursday, September 25th.

Goodwin Stock Performance

The firm's fifty day moving average price is £113.95 and its 200 day moving average price is GBX 8,724.37. 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 stock has a market capitalization of £1.03 billion, a price-to-earnings ratio of 4,179.95 and a beta of 0.54.

Goodwin (LON:GDWN - Get Free Report) last issued its quarterly earnings data 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.

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