Goodfellow (TSE:GDL) Reaches New 12-Month Low – Time to Sell?

Goodfellow Inc. (TSE:GDL) shares hit a new 52-week low on Tuesday . The company traded as low as C$13.29 and last traded at C$13.40, with a volume of 3979 shares trading hands. The stock had previously closed at C$13.71.

Goodfellow Price Performance

The business’s 50 day moving average is C$14.44 and its two-hundred day moving average is C$14.37. The firm has a market capitalization of C$115.33 million, a PE ratio of 8.69 and a beta of 1.07. The company has a debt-to-equity ratio of 19.35, a current ratio of 2.78 and a quick ratio of 0.99.

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

Goodfellow Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.25 per share. This represents a yield of 1.76%. The ex-dividend date is Wednesday, October 23rd. Goodfellow’s payout ratio is currently 32.47%.

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.