Goodfellow (TSE:GDL) Sets New 52-Week Low – Here’s Why

Shares of Goodfellow Inc. (TSE:GDL) hit a new 52-week low on Friday . The company traded as low as C$10.41 and last traded at C$10.86, with a volume of 30434 shares changing hands. The stock had previously closed at C$11.71.

Goodfellow Stock Performance

The company has a current ratio of 2.78, a quick ratio of 0.99 and a debt-to-equity ratio of 19.35. The company has a market cap of C$92.34 million, a P/E ratio of 7.11 and a beta of 1.07. The company has a 50 day moving average price of C$11.83 and a 200-day moving average price of C$12.91.

Goodfellow Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 19th were issued a dividend of $0.25 per share. This represents a dividend yield of 2.06%. The ex-dividend date was Wednesday, March 5th. Goodfellow’s dividend payout ratio (DPR) is presently 32.45%.

Goodfellow Company Profile

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.