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

Goodwin PLC (LON:GDWN)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of £249.45 and traded as high as £258.28. Goodwin shares last traded at £248, with a volume of 7,332 shares changing hands.

Goodwin Stock Performance

The firm’s 50-day moving average is £249.45 and its 200 day moving average is £194.80. The company has a current ratio of 1.13, a quick ratio of 1.00 and a debt-to-equity ratio of 27.99. The firm has a market capitalization of £1.89 billion, a price-to-earnings ratio of 46.97 and a beta of 0.11.

Goodwin (LON:GDWN) last posted its earnings results on Tuesday, December 16th. The company reported GBX 351.70 earnings per share for the quarter. Goodwin had a net margin of 15.93% and a return on equity of 33.12%.

About Goodwin

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.