Goodfellow (TSE:GDL) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Goodfellow Inc. (TSE:GDL) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$12.15 and traded as high as C$12.39. Goodfellow shares last traded at C$12.18, with a volume of 9,217 shares trading hands.

Goodfellow Trading Down 1.0%

The stock has a 50 day moving average of C$12.15 and a 200-day moving average of C$11.88. The company has a market capitalization of C$101.47 million, a P/E ratio of 14.33 and a beta of 0.08. The company has a current ratio of 3.09, a quick ratio of 0.99 and a debt-to-equity ratio of 25.60.

Goodfellow (TSE:GDL) last released its earnings results on Thursday, February 19th. The company reported C$0.38 EPS for the quarter. Goodfellow had a net margin of 1.32% and a return on equity of 3.49%. The company had revenue of C$136.95 million for the quarter.

Goodfellow Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a dividend yield of 122.0%. Goodfellow’s dividend payout ratio is 70.59%.

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.