Goodwin (LON:GDWN) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Goodwin PLC (LON:GDWN) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of £179.81 and traded as high as £212. Goodwin shares last traded at £209.33, with a volume of 16,444 shares.

Analysts Set New Price Targets

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

Goodwin Price Performance

The firm has a 50 day moving average price of £179.81 and a 200 day moving average price of £118.22. The stock has a market capitalization of £1.61 billion, a PE ratio of 65.41 and a beta of 0.54. The company has a current ratio of 2.21, a quick ratio of 1.00 and a debt-to-equity ratio of 62.10.

Insider Transactions at Goodwin

In related news, insider Matthew Stanley Goodwin sold 22,908 shares of the business’s stock in a transaction that occurred on 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 stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of £190, for a total transaction of £4,352,520. Corporate insiders own 4.27% of the company’s stock.

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.