Goodfellow (TSE:GDL) Stock Crosses Below 50-Day Moving Average - Time to Sell?

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.

Shares of Goodfellow Inc. (TSE:GDL - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Goodfellow Trading Down 0.6%

The firm has a market capitalization of C$95.02 million, a PE ratio of 11.45 and a beta of 0.37. The company's 50-day simple moving average is C$11.69 and its 200 day simple moving average is C$11.88. The company has a quick ratio of 0.99, a current ratio of 2.78 and a debt-to-equity ratio of 19.35.

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.