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

Shares of Goodwin PLC (LON:GDWN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Goodwin Trading Down 0.8 %

The firm has a market cap of £536.12 million, a price-to-earnings ratio of 31.72 and a beta of 0.54. The company has a debt-to-equity ratio of 62.10, a current ratio of 2.21 and a quick ratio of 1.00. The firm’s fifty day moving average is GBX 7,376.96 and its 200-day moving average is GBX 7,194.73.

Goodwin (LON:GDWN) last announced its quarterly earnings data on Tuesday, December 17th. The company reported GBX 150.91 ($1.90) 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 firm also recently announced a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be issued a GBX 66.50 ($0.84) dividend. This represents a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Goodwin’s previous dividend of $57.50. Goodwin’s dividend payout ratio is currently 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.