Goodwin (LON:GDWN) Stock Crosses Above 50-Day Moving Average - What's Next?

Goodwin PLC (LON:GDWN - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 6,716.10 ($90.76) and traded as high as GBX 6,960 ($94.05). Goodwin shares last traded at GBX 6,780 ($91.62), with a volume of 1,434 shares changing hands.

Goodwin Price Performance

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 fifty day simple moving average of GBX 6,710.90 and a two-hundred day simple moving average of GBX 6,993.54. The company has a market cap of £505.66 million, a PE ratio of 29.92 and a beta of 0.54.

Goodwin Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 20th were paid a GBX 66.50 ($0.90) dividend. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Goodwin's previous dividend of $57.50. This represents a dividend yield of 0.85%. Goodwin's payout ratio is 59.92%.

Insider Activity

In other Goodwin news, insider Timothy J.W. Goodwin acquired 1,268 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased at an average cost of GBX 6,050 ($81.76) per share, with a total value of £76,714 ($103,667.57). Insiders own 67.18% of the company's stock.

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.