Goodfellow (TSE:GDL) Shares Cross Above 50-Day Moving Average – What’s Next?

Goodfellow Inc. (TSE:GDL) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.99 and traded as high as C$12.20. Goodfellow shares last traded at C$12.20, with a volume of 2,500 shares changing hands.

Goodfellow Price Performance

The company has a quick ratio of 0.99, a current ratio of 2.78 and a debt-to-equity ratio of 19.35. The business’s 50-day moving average is C$11.99 and its two-hundred day moving average is C$13.14. The company has a market capitalization of C$102.88 million, a P/E ratio of 7.92 and a beta of 1.07.

Goodfellow Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 19th were paid a $0.25 dividend. The ex-dividend date was Wednesday, March 5th. This represents a yield of 2.06%. Goodfellow’s dividend payout ratio (DPR) is presently 32.45%.

Goodfellow Company Profile

Goodfellow Inc engages in the wholesale distribution of building materials, and floor coverings in Canada, the United States, and internationally. It is also involved in the remanufacturing and distribution of lumber and wood products. The company's decking products include accessories, composite, framing, and wood products for outdoor spaces; and flooring products, such as comfort core, engineered wood, hardwood, laminates, sub-floors and accessories, planks and tiles, and stone product composite.