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

Goodfellow Inc. (TSE:GDL) shares passed 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 traded.

Goodfellow Price Performance

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

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 business also recently announced a dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a yield of 122.0%. Goodfellow’s dividend payout ratio (DPR) is currently 67.57%.

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.