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

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 ($91.04) and traded as high as GBX 7,580 ($94.03). Goodwin shares last traded at GBX 7,340 ($91.06), with a volume of 2,770 shares traded.

Goodwin Stock Down 0.8 %

The company’s fifty day simple moving average is GBX 7,348.16 and its 200-day simple moving average is GBX 7,231.28. The firm has a market capitalization of £546.73 million, a PE ratio of 3,250.00 and a beta of 0.54. The company has a debt-to-equity ratio of 59.96, a current ratio of 2.21 and a quick ratio of 1.00.

Goodwin (LON:GDWN) last released its earnings results on Tuesday, December 17th. The company reported GBX 150.91 ($1.87) EPS for the quarter. Goodwin had a net margin of 8.84% and a return on equity of 13.85%.

Goodwin Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be issued a dividend of GBX 66.50 ($0.82) per share. This represents a yield of 0.85%. This is a positive change from Goodwin’s previous dividend of $57.50. The ex-dividend date is Thursday, March 20th. Goodwin’s dividend payout ratio (DPR) is 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.