Goodfellow (TSE:GDL) Shares Cross Below 50 Day Moving Average - What's Next?

Shares of Goodfellow Inc. (TSE:GDL - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$11.66 and traded as low as C$11.12. Goodfellow shares last traded at C$11.12, with a volume of 100 shares.

Goodfellow Stock Performance

The company has a debt-to-equity ratio of 19.35, a current ratio of 2.78 and a quick ratio of 0.99. The firm has a market cap of C$97.82 million, a P/E ratio of 7.53 and a beta of 1.07. The stock's 50 day moving average is C$11.60 and its two-hundred day moving average is C$12.62.

Goodfellow Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 19th were given a dividend of $0.25 per share. This represents a dividend yield of 2.06%. The ex-dividend date was Wednesday, March 5th. Goodfellow's dividend payout ratio (DPR) is 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.