Goodfellow (TSE:GDL) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Goodfellow Inc. (TSE:GDLGet Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.90 and traded as low as C$11.75. Goodfellow shares last traded at C$11.75, with a volume of 6,169 shares trading hands.

Goodfellow Stock Performance

The stock has a market cap of C$98.11 million, a price-to-earnings ratio of 15.46 and a beta of 0.29. The company’s fifty day simple moving average is C$11.90 and its two-hundred day simple moving average is C$11.72. The company has a debt-to-equity ratio of 19.35, a current ratio of 2.78 and a quick ratio of 0.99.

Goodfellow (TSE:GDLGet Free Report) last posted its earnings results on Tuesday, October 14th. The company reported C$0.44 EPS for the quarter. Goodfellow had a net margin of 2.56% and a return on equity of 6.69%. The company had revenue of C$141.91 million during the quarter.

Goodfellow Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, November 11th. Stockholders of record on Tuesday, November 11th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, October 28th. This represents a dividend yield of 307.0%. Goodfellow’s dividend payout ratio is 65.79%.

Goodfellow Company Profile

(Get Free Report)

Goodfellow Inc is engaged in remanufacturers and distributors of lumber products and hardwood flooring products. It is engaged in the domestic and export sales of wholesale distribution of wood products, and remanufacturing, distribution and brokerage of lumber. Goodfellow offers products, including decking, flooring, lumber, insulation and soundproofing, panels, siding, and specialty and commodity panels. Goodfellow represents three main sectors – retail trade, industrial, and manufacturing. The company manages its operations under one operating segment.

Further Reading

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