Goodwin (LON:GDWN) Stock Crosses Below 50 Day Moving Average – Here’s Why

Goodwin PLC (LON:GDWN) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of £183.22 and traded as low as £112. Goodwin shares last traded at £113.08, with a volume of 15,901 shares trading hands.

Goodwin Trading Down 1.2%

The company has a 50-day simple moving average of £183.22 and a 200-day simple moving average of £203.34. The company has a debt-to-equity ratio of 27.99, a quick ratio of 1.00 and a current ratio of 1.13. The stock has a market cap of £852.24 million, a P/E ratio of 21.15 and a beta of 0.66.

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.