Goodwin (LON:GDWN) Stock Breaks Below 50 Day Moving Average – What’s Next?

Shares of Goodwin PLC (LON:GDWN) passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of £166.34 and traded as low as £140.60. Goodwin shares last traded at £140.60, with a volume of 8,638 shares.

Wall Street Analysts Forecast Growth

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

Goodwin Trading Up 0.9%

The company has a market cap of £1.07 billion, a price-to-earnings ratio of 19.23 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average price is £165.45 and its 200-day moving average price is £153.51.

Goodwin (LON:GDWN) last announced 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%.

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.