Goodwin (LON:GDWN) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Shares of Goodwin PLC (LON:GDWN - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 6,752.50 ($89.97) and traded as high as GBX 7,000 ($93.27). Goodwin shares last traded at GBX 6,780 ($90.34), with a volume of 1,048 shares traded.

Goodwin Stock Down 3.4 %

The company has a quick ratio of 1.00, a current ratio of 2.21 and a debt-to-equity ratio of 62.10. The company's fifty day moving average is GBX 6,731.30 and its 200-day moving average is GBX 6,982.37. The company has a market cap of £511.75 million, a PE ratio of 30.28 and a beta of 0.54.

Goodwin Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 11th. Investors of record on Thursday, March 20th were issued a GBX 66.50 ($0.89) dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 0.85%. This is a boost from Goodwin's previous dividend of $57.50. Goodwin's dividend payout ratio (DPR) is currently 59.92%.

Insider Transactions at Goodwin

In other news, insider Timothy J.W. Goodwin purchased 3,516 shares of the business's stock in a transaction on Monday, February 17th. The stock was acquired at an average price of GBX 7,110 ($94.74) per share, for a total transaction of £249,987.60 ($333,094.74). Corporate 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.