Goodwin (LON:GDWN) Shares Cross Below 50-Day Moving Average – Time to Sell?

Goodwin PLC (LON:GDWN – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of £175.73 and traded as low as £138.20. Goodwin shares last traded at £140, with a volume of 12,262 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued a “house stock” rating on shares of Goodwin in a research report on Friday, August 28th.

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Goodwin Trading Up 0.4%

The stock has a market cap of £1.06 billion, a PE ratio of 19.04 and a beta of 0.66. The company’s fifty day moving average is £174.98 and its 200-day moving average is £160.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.25 and a quick ratio of 1.00.

Goodwin (LON:GDWN – Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported GBX 738.44 EPS for the quarter. Goodwin had a net margin of 15.93% and a return on equity of 34.20%.

About Goodwin

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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.

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