Goodfellow (TSE:GDL) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Goodfellow Inc. (TSE:GDL) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$11.57 and traded as low as C$11.29. Goodfellow shares last traded at C$11.30, with a volume of 1,351 shares trading hands.

Goodfellow Stock Performance

The company has a quick ratio of 0.99, a current ratio of 2.31 and a debt-to-equity ratio of 31.81. The stock has a fifty day moving average price of C$11.57 and a 200-day moving average price of C$11.85. The firm has a market cap of C$93.98 million, a price-to-earnings ratio of 15.27 and a beta of 0.32.

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

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.