Goodwin (LON:GDWN) Sets New 12-Month High – Here’s Why

Goodwin PLC (LON:GDWN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as £246 and last traded at £239.21, with a volume of 520 shares traded. The stock had previously closed at £241.

Wall Street Analyst Weigh In

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

Goodwin Stock Performance

The stock’s 50 day moving average is £210.19 and its two-hundred day moving average is £152.01. The firm has a market capitalization of £1.83 billion, a P/E ratio of 45.46 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.

Goodwin (LON:GDWN) last released its earnings results on Tuesday, December 16th. The company reported GBX 351.70 EPS for the quarter. Goodwin had a net margin of 8.84% and a return on equity of 14.13%.

Insider Transactions at Goodwin

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