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Goodfellow (TSE:GDL) Stock Price Passes Below 50 Day Moving Average - What's Next?

Goodfellow logo with Basic Materials background

Key Points

  • Goodfellow Inc.'s stock price fell below its 50-day moving average of C$11.76, trading as low as C$11.33 before closing at C$11.44.
  • The company has a market capitalization of C$95.86 million and a price-to-earnings ratio of 11.56, indicating a relatively stable financial position.
  • Goodfellow Inc. specializes in the wholesale distribution of building materials and is involved in the remanufacturing and distribution of lumber and wood products.
  • Five stocks we like better than Goodfellow.

Shares of Goodfellow Inc. (TSE:GDL - Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.76 and traded as low as C$11.33. Goodfellow shares last traded at C$11.44, with a volume of 600 shares trading hands.

Goodfellow Price 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 company has a fifty day moving average price of C$11.72 and a 200 day moving average price of C$11.88. The company has a market capitalization of C$95.60 million, a P/E ratio of 11.53 and a beta of 0.37.

Goodfellow Company Profile

(Get Free Report)

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.

Further Reading

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