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

Goodfellow logo with Basic Materials background

Shares of Goodfellow Inc. (TSE:GDL - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$11.99 and traded as high as C$12.20. Goodfellow shares last traded at C$12.20, with a volume of 2,500 shares.

Goodfellow Stock Performance

The firm has a market cap of C$99.93 million, a P/E ratio of 7.69 and a beta of 1.07. 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 business has a fifty day simple moving average of C$11.98 and a 200-day simple moving average of C$13.08.

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 issued a $0.25 dividend. The ex-dividend date was Wednesday, March 5th. This represents a yield of 2.06%. Goodfellow's dividend payout ratio (DPR) is presently 32.45%.

About Goodfellow

(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.

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