Goodfellow (TSE:GDL) Stock Passes Below 50-Day Moving Average – Here’s Why

Goodfellow Inc. (TSE:GDL)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.71 and traded as low as C$11.60. Goodfellow shares last traded at C$11.60, with a volume of 4,102 shares changing hands.

Goodfellow Stock Performance

The company has a market capitalization of C$96.48 million, a PE ratio of 15.68 and a beta of 0.20. The company has a debt-to-equity ratio of 31.81, a quick ratio of 0.99 and a current ratio of 2.31. The company has a 50 day moving average price of C$11.71 and a 200 day moving average price of C$11.93.

Goodfellow (TSE:GDL) last announced its quarterly earnings data on Wednesday, April 8th. The company reported C($0.36) earnings per share (EPS) for the quarter. Goodfellow had a return on equity of 3.05% and a net margin of 1.16%.The firm had revenue of C$108.73 million for the quarter.

Goodfellow Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 19th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, March 5th. This represents a yield of 122.0%. Goodfellow’s dividend payout ratio (DPR) is 67.57%.

Goodfellow Company Profile

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.