Goodfellow (TSE:GDL) Hits New 1-Year Low – Time to Sell?

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

Goodfellow Stock Performance

The company has a debt-to-equity ratio of 19.35, a quick ratio of 0.99 and a current ratio of 2.78. The firm’s 50-day moving average price is C$14.24 and its two-hundred day moving average price is C$14.29. The stock has a market cap of C$114.06 million, a price-to-earnings ratio of 8.73 and a beta of 1.07.

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

Goodfellow Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a dividend yield of 1.76%. Goodfellow’s dividend 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.