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

Goodfellow Inc. (TSE:GDL)’s share price reached a new 52-week low 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 changing hands. The stock had previously closed at C$10.90.

Goodfellow Stock Performance

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 firm’s 50 day moving average is C$11.15 and its 200-day moving average is C$11.39. The firm 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 issued its quarterly earnings data on Tuesday, October 6th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$145.72 million during the quarter. Goodfellow had a net margin of 0.82% and a return on equity of 2.12%.

Goodfellow Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Tuesday, November 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a dividend yield of 91.0%. Goodfellow’s payout ratio is currently 96.15%.

Goodfellow Company Profile

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.