Goodfellow (TSE:GDL) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Goodfellow Inc. (TSE:GDL)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$14.34 and traded as low as C$13.63. Goodfellow shares last traded at C$14.08, with a volume of 9,541 shares traded.

Goodfellow Stock Performance

The firm has a market cap of C$116.52 million, a PE ratio of 8.92 and a beta of 1.07. 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 company has a 50-day simple moving average of C$14.33 and a two-hundred day simple moving average of C$14.33.

Goodfellow (TSE:GDL) last issued its quarterly earnings results on Wednesday, October 9th. The company reported C$0.68 earnings per share for the quarter. The company had revenue of C$139.67 million for the quarter. Goodfellow had a net margin of 2.56% and a return on equity of 6.61%.

Goodfellow Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $0.25 per share. This represents a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, October 23rd. Goodfellow’s dividend payout ratio is currently 32.47%.

About Goodfellow

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.