Goodfellow (TSE:GDL) Stock Price Breaks Below 50-Day Moving Average – Should You Sell?

Goodfellow Inc. (TSE:GDL) shares crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$11.21 and traded as low as C$11.03. Goodfellow shares last traded at C$11.03, with a volume of 1,015 shares trading hands.

Goodfellow Price Performance

The stock has a market capitalization of C$91.60 million, a price-to-earnings ratio of 21.21 and a beta of 0.26. The company has a quick ratio of 0.99, a current ratio of 2.37 and a debt-to-equity ratio of 29.69. The stock has a fifty day moving average of C$11.21 and a 200-day moving average of C$11.43.

Goodfellow (TSE:GDL) last released its quarterly earnings data on Tuesday, October 6th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$145.72 million for the quarter. Goodfellow had a net margin of 0.82% and a return on equity of 2.12%.

Goodfellow Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, November 3rd. Investors of record on Tuesday, November 3rd will be given a $0.10 dividend. This represents a dividend yield of 91.0%. The ex-dividend date of this dividend is Tuesday, October 20th. Goodfellow’s dividend payout ratio (DPR) is 96.15%.

Goodfellow Company Profile

Goodfellow is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. With a distribution footprint from coast-to-coast in Canada and in the Northeastern U.S., Goodfellow effectively serves commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners, and floor covering specialists. Goodfellow also leverages its value-added product capabilities to serve lumber markets internationally.