Goodfellow (TSE:GDL) Hits New 12-Month Low – Here’s Why

Shares of Goodfellow Inc. (TSE:GDL) reached a new 52-week low during mid-day trading on Monday. The company traded as low as C$10.85 and last traded at C$10.91, with a volume of 1,711 shares. The stock had previously closed at C$10.90.

Goodfellow Stock Up 0.1%

The business’s 50 day simple moving average is C$11.15 and its 200-day simple moving average is C$11.39. The company has a debt-to-equity ratio of 29.69, a quick ratio of 0.99 and a current ratio of 2.37. The company has a market cap of C$90.61 million, a price-to-earnings ratio of 20.98 and a beta of 0.26.

Goodfellow (TSE:GDL) last posted its quarterly earnings results on Tuesday, October 6th. The company reported C$0.27 earnings per share for the quarter. Goodfellow had a net margin of 0.82% and a return on equity of 2.12%. The business had revenue of C$145.72 million for the quarter.

Goodfellow Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a dividend yield of 91.0%. Goodfellow’s dividend payout ratio (DPR) is 96.15%.

About Goodfellow

Goodfellow is a diversified manufacturer of value-added lumber products, as well as a wholesale distributor of building materials and floor coverings. With a distribution footprint from coast-to-coast in Canada and in the Northeastern U.S., Goodfellow effectively serves commercial and residential sectors through lumber yard retailer networks, manufacturers, industrial and infrastructure project partners, and floor covering specialists. Goodfellow also leverages its value-added product capabilities to serve lumber markets internationally.