Goodfellow (TSE:GDL) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Goodfellow Inc. (TSE:GDLGet Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$11.57 and traded as low as C$11.29. Goodfellow shares last traded at C$11.30, with a volume of 1,351 shares trading hands.

Goodfellow Trading Up 0.9%

The stock has a market cap of C$93.98 million, a PE ratio of 15.27 and a beta of 0.32. The business’s fifty day moving average is C$11.57 and its 200 day moving average is C$11.85. The company has a quick ratio of 0.99, a current ratio of 2.31 and a debt-to-equity ratio of 31.81.

Goodfellow (TSE:GDLGet Free Report) last issued its earnings results on Wednesday, April 8th. The company reported C($0.36) earnings per share for the quarter. Goodfellow had a return on equity of 3.05% and a net margin of 1.16%.The company had revenue of C$108.73 million for the quarter.

About Goodfellow

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Goodfellow Inc is engaged in remanufacturers and distributors of lumber products and hardwood flooring products. It is engaged in the domestic and export sales of wholesale distribution of wood products, and remanufacturing, distribution and brokerage of lumber. Goodfellow offers products, including decking, flooring, lumber, insulation and soundproofing, panels, siding, and specialty and commodity panels. Goodfellow represents three main sectors – retail trade, industrial, and manufacturing. The company manages its operations under one operating segment.

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