Goodwin (LON:GDWN) Shares Pass Above 50 Day Moving Average – Should You Sell?

Goodwin PLC (LON:GDWN) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 7,212.80 ($93.30) and traded as high as GBX 7,240 ($93.65). Goodwin shares last traded at GBX 6,940 ($89.77), with a volume of 1,333 shares changing hands.

Goodwin Stock Up 0.9 %

The company has a market capitalization of £528.51 million, a P/E ratio of 31.27 and a beta of 0.54. The company has a current ratio of 2.21, a quick ratio of 1.00 and a debt-to-equity ratio of 62.10. The stock has a 50 day moving average price of GBX 7,212.80 and a 200 day moving average price of GBX 7,104.52.

Goodwin (LON:GDWN) last announced its earnings results on Tuesday, December 17th. The company reported GBX 150.91 ($1.95) earnings per share (EPS) for the quarter. Goodwin had a return on equity of 14.13% and a net margin of 8.84%.

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 given a dividend of GBX 66.50 ($0.86) per share. This is a positive change from Goodwin’s previous dividend of $57.50. This represents a yield of 0.85%. The ex-dividend date is Thursday, March 20th. Goodwin’s dividend payout ratio (DPR) is currently 59.92%.

Insider Buying and Selling

In related news, insider Timothy J.W. Goodwin bought 3,516 shares of the stock in a transaction that occurred on Monday, February 17th. The stock was acquired at an average cost of GBX 7,110 ($91.97) per share, with a total value of £249,987.60 ($323,357.39). 67.18% of the stock is owned by corporate insiders.

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.