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

Shares of Goodwin PLC (LON:GDWN) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 trading hands.

Goodwin Stock Down 2.4 %

The stock has a market capitalization of £533.83 million, a price-to-earnings ratio of 31.58 and a beta of 0.54. The firm’s fifty day moving average is GBX 7,411.76 and its 200-day moving average is GBX 7,136.08. The company has a debt-to-equity ratio of 62.10, a current ratio of 2.21 and a quick ratio of 1.00.

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

Goodwin Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 66.50 ($0.84) per share. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 0.85%. This is a positive change from Goodwin’s previous dividend of $57.50. Goodwin’s dividend payout ratio is currently 59.92%.

Insider Activity at Goodwin

In other Goodwin news, insider Timothy J.W. Goodwin acquired 3,516 shares of Goodwin stock in a transaction dated Monday, February 17th. The stock was bought at an average price of GBX 7,110 ($90.17) per share, for a total transaction of £249,987.60 ($317,041.98). 67.18% of the stock is currently owned by 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.