Goodwin (LON:GDWN) Share Price Crosses Above 50-Day Moving Average - Here's Why

Shares of Goodwin PLC (LON:GDWN - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 7,020.76 ($91.39) and traded as high as GBX 7,112 ($92.58). Goodwin shares last traded at GBX 6,740 ($87.74), with a volume of 2,721 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "house stock" rating on shares of Goodwin in a research report on Wednesday, August 7th.

Goodwin Stock Up 1.5 %

The firm's 50 day simple moving average is GBX 7,010.76 and its 200-day simple moving average is GBX 7,172.36. The company has a market cap of £513.68 million, a price-to-earnings ratio of 2,973.21 and a beta of 0.54. The company has a debt-to-equity ratio of 59.96, a current ratio of 2.21 and a quick ratio of 1.00.

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.