Goodfellow (TSE:GDL) Sets New 1-Year Low – Should You Sell?

Goodfellow Inc. (TSE:GDL) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$10.90 and last traded at C$10.90, with a volume of 8,257 shares trading hands. The stock had previously closed at C$11.00.

Goodfellow Price Performance

The business has a 50 day simple moving average of C$11.18 and a 200 day simple moving average of C$11.41. The company has a debt-to-equity ratio of 29.69, a current ratio of 2.37 and a quick ratio of 0.99. The stock has a market cap of C$90.52 million, a PE ratio of 20.96 and a beta of 0.26.

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

Goodfellow Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, November 3rd. Investors of record on Tuesday, November 3rd will be paid 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 presently 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.