Goodfellow (TSE:GDL) Reaches New 12-Month Low – Here’s Why

Goodfellow Inc. (TSE:GDL) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$13.00 and last traded at C$13.22, with a volume of 5755 shares traded. The stock had previously closed at C$13.53.

Goodfellow Trading Down 2.3 %

The firm has a market cap of C$112.11 million, a price-to-earnings ratio of 8.58 and a beta of 1.07. The company has a current ratio of 2.78, a quick ratio of 0.99 and a debt-to-equity ratio of 19.35. The firm’s 50-day moving average is C$14.27 and its 200-day moving average is C$14.30.

Goodfellow (TSE:GDL) last released its earnings results on Wednesday, October 9th. The company reported C$0.68 EPS for the quarter. The company had revenue of C$139.67 million for the quarter. Goodfellow had a return on equity of 6.61% and a net margin of 2.56%.

Goodfellow Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a $0.25 dividend. This represents a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, October 23rd. Goodfellow’s dividend payout ratio (DPR) is presently 32.47%.

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.