Goodfellow (TSE:GDL) Hits New 52-Week Low – Here’s Why

Goodfellow Inc. (TSE:GDL)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as C$10.90 and last traded at C$10.90, with a volume of 8,257 shares changing hands. The stock had previously closed at C$11.00.

Goodfellow Trading Down 0.9%

The company has a debt-to-equity ratio of 29.69, a quick ratio of 0.99 and a current ratio of 2.37. The firm has a market capitalization of C$90.52 million, a price-to-earnings ratio of 20.96 and a beta of 0.26. The company has a 50 day moving average price of C$11.20 and a two-hundred day moving average price of C$11.42.

Goodfellow (TSE:GDL) last announced its earnings results on Tuesday, October 6th. The company reported C$0.27 earnings per share (EPS) for the quarter. Goodfellow had a return on equity of 2.12% and a net margin of 0.82%. The firm had revenue of C$145.72 million for the quarter.

Goodfellow Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Tuesday, November 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, October 20th. This represents a yield of 91.0%. Goodfellow’s dividend payout ratio is currently 96.15%.

Goodfellow Company Profile

Goodfellow is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. With a distribution footprint from coast-to-coast in Canada and in the Northeastern U.S., Goodfellow effectively serves commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners, and floor covering specialists. Goodfellow also leverages its value-added product capabilities to serve lumber markets internationally.