Goodfellow (TSE:GDL) Shares Pass Above 50 Day Moving Average – Should You Sell?

Goodfellow Inc. (TSE:GDL)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$12.15 and traded as high as C$12.39. Goodfellow shares last traded at C$12.18, with a volume of 9,217 shares trading hands.

Goodfellow Stock Performance

The stock has a market capitalization of C$98.72 million, a PE ratio of 13.94 and a beta of 0.08. The company has a quick ratio of 0.99, a current ratio of 3.09 and a debt-to-equity ratio of 25.60. The firm has a 50 day moving average price of C$12.16 and a 200-day moving average price of C$11.89.

Goodfellow (TSE:GDL) last issued its earnings results on Thursday, February 19th. The company reported C$0.38 EPS for the quarter. Goodfellow had a return on equity of 3.49% and a net margin of 1.32%.The firm had revenue of C$136.95 million for the quarter.

Goodfellow Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.15 per share. This represents a yield of 122.0%. The ex-dividend date is Thursday, March 5th. Goodfellow’s payout ratio is presently 70.59%.

About Goodfellow

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.