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

Goodwin PLC (LON:GDWN)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 7,113.60 ($91.59) and traded as low as GBX 6,525 ($84.01). Goodwin shares last traded at GBX 6,580 ($84.72), with a volume of 3,033 shares.

Goodwin Stock Up 0.1 %

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 £498.38 million, a price-to-earnings ratio of 29.49 and a beta of 0.54. The business’s 50-day moving average is GBX 7,073.69 and its 200-day moving average is GBX 7,079.45.

Goodwin Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be paid a GBX 66.50 ($0.86) dividend. This is an increase from Goodwin’s previous dividend of $57.50. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 0.85%. Goodwin’s dividend payout ratio is presently 59.92%.

Insider Activity at Goodwin

In related news, insider Timothy J.W. Goodwin acquired 3,516 shares of the stock in a transaction on Monday, February 17th. The shares were acquired at an average price of GBX 7,110 ($91.54) per share, for a total transaction of £249,987.60 ($321,858.63). 67.18% of the stock is owned by company 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.