Goodfellow (TSE:GDL) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Goodfellow Inc. (TSE:GDL) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$12.14 and traded as low as C$11.80. Goodfellow shares last traded at C$11.88, with a volume of 3,504 shares traded.

Goodfellow Stock Performance

The stock has a 50-day moving average of C$12.14 and a 200-day moving average of C$11.92. The firm has a market cap of C$98.97 million, a price-to-earnings ratio of 13.98 and a beta of 0.08. The company has a debt-to-equity ratio of 25.60, a quick ratio of 0.99 and a current ratio of 3.09.

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

Goodfellow Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 19th. Investors 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 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.