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

Goodfellow Inc. (TSE:GDL) shares crossed 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 Up 1.8%

The company has a debt-to-equity ratio of 31.81, a current ratio of 2.31 and a quick ratio of 0.99. The business has a 50 day simple moving average of C$11.57 and a 200 day simple moving average of C$11.85. The stock has a market cap of C$95.65 million, a PE ratio of 15.54 and a beta of 0.34.

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

Goodfellow Company Profile

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.