Goodfellow (TSE:GDL) Hits New 52-Week Low - Here's Why

Goodfellow Inc. (TSE:GDL - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$11.03 and last traded at C$11.03, with a volume of 9631 shares trading hands. The stock had previously closed at C$11.85.

Goodfellow Stock Up 2.7 %

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 firm's 50-day moving average price is C$11.90 and its 200 day moving average price is C$12.99. The firm has a market cap of C$96.98 million, a P/E ratio of 7.46 and a beta of 1.07.

Goodfellow Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 19th were given a $0.25 dividend. This represents a yield of 2.06%. The ex-dividend date of this dividend 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.