Goodwin (LON:GDWN) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Goodwin PLC (LON:GDWN - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 7,145.16 ($92.77) and traded as low as GBX 6,640 ($86.21). Goodwin shares last traded at GBX 6,640 ($86.21), with a volume of 1,524 shares changing hands.

Wall Street Analysts Forecast Growth

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

Goodwin Trading Up 2.7 %

The stock has a market capitalization of £512.18 million, a price-to-earnings ratio of 3,044.64 and a beta of 0.54. The company has a debt-to-equity ratio of 59.96, a quick ratio of 1.00 and a current ratio of 2.21. The firm has a fifty day moving average of GBX 7,132.76 and a 200-day moving average of GBX 7,120.46.

Goodwin Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be issued a GBX 66.50 ($0.86) dividend. This is an increase from Goodwin's previous dividend of $57.50. This represents a yield of 0.85%. The ex-dividend date is Thursday, March 20th. Goodwin's dividend payout ratio is currently 5,937.50%.

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.