Goodwin (LON:GDWN) Shares Cross Above 50 Day Moving Average – What’s Next?

Goodwin PLC (LON:GDWN)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 7,338.56 ($91.26) and traded as high as GBX 7,580 ($94.27). Goodwin shares last traded at GBX 7,340 ($91.28), with a volume of 2,770 shares traded.

Goodwin Trading Up 1.7 %

The firm has a market cap of £551.23 million, a P/E ratio of 3,276.79 and a beta of 0.54. The company’s 50 day simple moving average is GBX 7,338.56 and its 200-day simple moving average is GBX 7,230.94. The company has a quick ratio of 1.00, a current ratio of 2.21 and a debt-to-equity ratio of 59.96.

Goodwin (LON:GDWN) last issued its quarterly earnings results on Tuesday, December 17th. The company reported GBX 150.91 ($1.88) earnings per share (EPS) for the quarter. Goodwin had a return on equity of 13.85% and a net margin of 8.84%.

Goodwin Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be issued a GBX 66.50 ($0.83) dividend. The ex-dividend date is Thursday, March 20th. This is a boost from Goodwin’s previous dividend of $57.50. This represents a dividend yield of 0.85%. Goodwin’s dividend payout ratio is presently 5,937.50%.

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.