Goodwin (LON:GDWN) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Goodwin PLC (LON:GDWN) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 7,145.16 ($92.77) and traded as low as GBX 6,640 ($86.21). Goodwin shares last traded at GBX 6,640 ($86.21), with a volume of 1,524 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a “house stock” rating on shares of Goodwin in a research report on Wednesday, August 7th.

Goodwin Stock Performance

The company has a current ratio of 2.21, a quick ratio of 1.00 and a debt-to-equity ratio of 59.96. The firm’s 50-day moving average is GBX 7,145.16 and its two-hundred day moving average is GBX 7,111.59. The stock has a market cap of £506.93 million, a price-to-earnings ratio of 2,964.29 and a beta of 0.54.

Goodwin Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 20th will be issued a GBX 66.50 ($0.86) dividend. This is an increase from Goodwin’s previous dividend of $57.50. The ex-dividend date is Thursday, March 20th. This represents a 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.