Goodwin (LON:GDWN) Hits New 52-Week High – Time to Buy?

Goodwin PLC (LON:GDWN)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as £245 and last traded at £240.94, with a volume of 10560 shares. The stock had previously closed at £232.

Wall Street Analyst Weigh In

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

Goodwin Price Performance

The firm has a market cap of £1.84 billion, a P/E ratio of 45.64 and a beta of 0.54. The firm’s fifty day simple moving average is £208.22 and its 200 day simple moving average is £146.86. The company has a debt-to-equity ratio of 62.10, a quick ratio of 1.00 and a current ratio of 2.21.

Goodwin (LON:GDWN) last posted its earnings results on Tuesday, December 16th. The company reported GBX 351.70 EPS for the quarter. Goodwin had a return on equity of 14.13% and a net margin of 8.84%.

Insider Buying and Selling

In related news, insider Simon R. Goodwin sold 22,908 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of £190, for a total value of £4,352,520. Also, insider Matthew Stanley Goodwin sold 22,908 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of £190, for a total transaction of £4,352,520. 3.69% of the stock is currently owned by corporate insiders.

About Goodwin

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.