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

Goodfellow Inc. (TSE:GDL)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$14.34 and traded as low as C$13.63. Goodfellow shares last traded at C$14.08, with a volume of 9,541 shares.

Goodfellow Trading Down 2.4 %

The firm’s 50 day simple moving average is C$14.33 and its two-hundred day simple moving average is C$14.33. The stock has a market capitalization of C$116.52 million, a P/E ratio of 8.92 and a beta of 1.07. The company has a quick ratio of 0.99, a current ratio of 2.78 and a debt-to-equity ratio of 19.35.

Goodfellow (TSE:GDL) last issued its earnings results on Wednesday, October 9th. The company reported C$0.68 EPS for the quarter. Goodfellow had a return on equity of 6.61% and a net margin of 2.56%. The business had revenue of C$139.67 million during the quarter.

Goodfellow Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a $0.25 dividend. This represents a dividend yield of 1.76%. The ex-dividend date was Wednesday, October 23rd. Goodfellow’s dividend payout ratio (DPR) is 32.47%.

Goodfellow Company Profile

Goodfellow Inc engages in the wholesale distribution of building materials, and floor coverings in Canada, the United States, and internationally. It is also involved in the remanufacturing and distribution of lumber and wood products. The company's decking products include accessories, composite, framing, and wood products for outdoor spaces; and flooring products, such as comfort core, engineered wood, hardwood, laminates, sub-floors and accessories, planks and tiles, and stone product composite.