Goodfellow (TSE:GDL) Stock Price Crosses Below 50-Day Moving Average - Here's Why

Goodfellow Inc. (TSE:GDL - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$12.18 and traded as low as C$11.25. Goodfellow shares last traded at C$11.37, with a volume of 2,101 shares trading hands.

Goodfellow Trading Up 0.6 %

The business's 50 day simple moving average is C$12.18 and its 200 day simple moving average is C$13.37. 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 market capitalization of C$95.88 million, a price-to-earnings ratio of 7.38 and a beta of 1.07.

Goodfellow Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 19th will be given a $0.25 dividend. This represents a yield of 2.06%. The ex-dividend date is Wednesday, March 5th. Goodfellow's dividend payout ratio (DPR) is presently 32.45%.

About Goodfellow

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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