Goodfellow (TSE:GDL) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Goodfellow Inc. (TSE:GDLGet Free Report)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$11.45 and traded as low as C$11.20. Goodfellow shares last traded at C$11.29, with a volume of 1,330 shares.

Goodfellow Stock Performance

The stock has a market cap of C$93.76 million, a price-to-earnings ratio of 16.13 and a beta of 0.34. The company’s 50-day simple moving average is C$11.45 and its 200-day simple moving average is C$11.79. The company has a quick ratio of 0.99, a current ratio of 2.08 and a debt-to-equity ratio of 43.77.

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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