Goodwin (LON:GDWN) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?
Goodwin PLC's stock price has crossed above its 50-day moving average of GBX 6,789.30, trading at GBX 7,100. The company recently increased its dividend to GBX 66.50 per share, with a payout ratio of 59.92%. Insider Timothy J.W. Goodwin purchased shares at GBX 7,110. Goodwin operates in mechanical and refractory engineering, serving various industries. Analysts currently rate the stock as a Hold, suggesting there may be better investment options available.
Goodwin PLC (LON:GDWN - Get Free Report)'s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 6,789.30 ($89.86) and traded as high as GBX 7,180 ($95.04). Goodwin shares last traded at GBX 7,100 ($93.98), with a volume of 3,602 shares changing hands.
Goodwin Stock Down 4.4 %
The company has a market capitalization of £516.89 million, a price-to-earnings ratio of 30.58 and a beta of 0.54. 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 firm has a 50 day moving average price of GBX 6,789.30 and a two-hundred day moving average price of GBX 6,994.78.
Goodwin Increases Dividend
The firm also recently disclosed a dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, March 20th were issued a dividend of GBX 66.50 ($0.88) per share. The ex-dividend date was Thursday, March 20th. This is an increase from Goodwin's previous dividend of $57.50. This represents a yield of 0.85%. Goodwin's payout ratio is currently 59.92%.
Insider Activity
In other news, insider Timothy J.W. Goodwin acquired 3,516 shares of the stock in a transaction that occurred on Monday, February 17th. The stock was purchased at an average cost of GBX 7,110 ($94.11) per share, with a total value of £249,987.60 ($330,890.27). Company insiders own 67.18% of the company's stock.
Goodwin Company Profile
(Get Free Report)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.
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