Goodwin (LON:GDWN) Shares Pass Above Fifty Day Moving Average – Here’s Why

Goodwin PLC (LON:GDWN) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 7,031.16 ($87.34) and traded as high as GBX 7,995 ($99.32). Goodwin shares last traded at GBX 7,880 ($97.89), with a volume of 2,879 shares.

Goodwin Stock Down 0.8 %

The company has a market capitalization of £591.79 million, a PE ratio of 3,517.86 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 59.96. The business has a fifty day moving average of GBX 7,031.16 and a 200 day moving average of GBX 7,334.32.

Goodwin Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be paid a GBX 66.50 ($0.83) dividend. This is a positive change from Goodwin’s previous dividend of $57.50. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 0.85%. Goodwin’s dividend payout ratio (DPR) is presently 5,937.50%.

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.