Goodwin (LON:GDWN) Shares Pass Above 50-Day Moving Average – What’s Next?

Goodwin PLC (LON:GDWN)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of £187.27 and traded as high as £205. Goodwin shares last traded at £200, with a volume of 49,135 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Goodwin in a research note on Thursday, September 25th.

Goodwin Price Performance

The company has a current ratio of 2.21, a quick ratio of 1.00 and a debt-to-equity ratio of 62.10. The company has a fifty day moving average price of £188.44 and a two-hundred day moving average price of £124.64. The firm has a market cap of £1.57 billion, a P/E ratio of 62.96 and a beta of 0.54.

Insiders Place Their Bets

In other Goodwin news, insider Simon R. Goodwin sold 22,908 shares of Goodwin stock in a transaction dated Friday, November 14th. The stock was sold at an average price of £190, for a total value of £4,352,520. Also, insider Matthew Stanley Goodwin sold 22,908 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of £190, for a total value of £4,352,520. Company insiders own 3.69% of the company’s stock.

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.