Goodfellow (TSE:GDL) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Goodfellow Inc. (TSE:GDL) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.99 and traded as high as C$12.20. Goodfellow shares last traded at C$12.20, with a volume of 2,500 shares trading hands.

Goodfellow Stock Up 2.5 %

The stock’s 50 day moving average is C$11.99 and its 200 day moving average is C$13.14. The company has a market capitalization of C$102.88 million, a PE ratio of 7.92 and a beta of 1.07. The company has a debt-to-equity ratio of 19.35, a quick ratio of 0.99 and a current ratio of 2.78.

Goodfellow Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 19th were issued a $0.25 dividend. This represents a dividend yield of 2.06%. The ex-dividend date was Wednesday, March 5th. Goodfellow’s payout ratio is currently 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.