Goodwin (LON:GDWN) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Goodwin PLC (LON:GDWN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7,194.73 ($90.56) and traded as high as GBX 7,200 ($90.62). Goodwin shares last traded at GBX 7,040 ($88.61), with a volume of 2,261 shares.

Goodwin Stock Performance

The stock has a fifty day simple moving average of GBX 7,376.96 and a 200-day simple moving average of GBX 7,194.73. The stock has a market cap of £536.12 million, a P/E ratio of 31.72 and a beta of 0.54. The company has a debt-to-equity ratio of 62.10, a quick ratio of 1.00 and a current ratio of 2.21.

Goodwin (LON:GDWN) last released its earnings results on Tuesday, December 17th. The company reported GBX 150.91 ($1.90) 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 disclosed a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 66.50 ($0.84) per share. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Goodwin’s previous dividend of $57.50. This represents a yield of 0.85%. Goodwin’s dividend payout ratio (DPR) is 59.92%.

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.