Goodfellow (TSE:GDL) Shares Pass Below Fifty Day Moving Average – Here’s What Happened
by Jessica Moore · The Cerbat GemGoodfellow Inc. (TSE:GDL – Get Free Report)’s share price passed 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.
Goodfellow Stock Performance
The company has a current ratio of 3.09, a quick ratio of 0.99 and a debt-to-equity ratio of 25.60. The business’s 50-day moving average is C$12.13 and its two-hundred day moving average is C$11.92. The firm has a market cap of C$98.97 million, a P/E ratio of 13.98 and a beta of 0.08.
Goodfellow (TSE:GDL – Get Free Report) last issued its earnings results on Thursday, February 19th. The company reported C$0.38 earnings per share (EPS) for the quarter. Goodfellow had a net margin of 1.32% and a return on equity of 3.49%. The firm had revenue of C$136.95 million for the quarter.
Goodfellow Cuts Dividend
The business also recently declared a dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 19th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a dividend yield of 122.0%. Goodfellow’s dividend payout ratio (DPR) is 70.59%.
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.