Goodwin (LON:GDWN) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Goodwin PLC (LON:GDWN) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 7,411.76 ($94.00) and traded as low as GBX 7,040 ($89.28). Goodwin shares last traded at GBX 7,180 ($91.06), with a volume of 2,400 shares changing hands.

Goodwin Stock Down 2.4 %

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 has a market capitalization of £533.83 million, a PE ratio of 31.58 and a beta of 0.54. The business’s 50 day simple moving average is GBX 7,411.76 and its 200 day simple moving average is GBX 7,136.08.

Goodwin (LON:GDWN) last posted its quarterly earnings results on Tuesday, December 17th. The company reported GBX 150.91 ($1.91) earnings per share (EPS) for the quarter. Goodwin had a net margin of 8.84% and a return on equity of 14.13%.

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 given a GBX 66.50 ($0.84) dividend. This represents a dividend yield of 0.85%. This is a positive change from Goodwin’s previous dividend of $57.50. The ex-dividend date of this dividend is Thursday, March 20th. Goodwin’s dividend payout ratio is 59.92%.

Insider Transactions at Goodwin

In other Goodwin news, insider Timothy J.W. Goodwin acquired 3,516 shares of the business’s stock in a transaction that occurred on Monday, February 17th. The shares were purchased at an average price of GBX 7,110 ($90.17) per share, with a total value of £249,987.60 ($317,041.98). 67.18% of the stock is owned by insiders.

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.