Goodfellow (TSE:GDL) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Goodfellow Inc. (TSE:GDLGet Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$11.50 and traded as low as C$11.20. Goodfellow shares last traded at C$11.25, with a volume of 1,500 shares trading hands.

Goodfellow Trading Down 1.0%

The company has a market capitalization of C$93.43 million, a P/E ratio of 16.07 and a beta of 0.34. The stock’s 50 day moving average is C$11.50 and its 200-day moving average is C$11.82. The company has a debt-to-equity ratio of 43.77, a current ratio of 2.08 and a quick ratio of 0.99.

About Goodfellow

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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.

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