Goodfellow (TSE:GDL) Shares Break Below 50-Day Moving Average – Here’s What Happened

Goodfellow Inc. (TSE:GDL – Get Free Report) shares crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$11.31 and traded as low as C$11.10. Goodfellow shares last traded at C$11.11, with a volume of 1,054 shares.

Goodfellow Price Performance

The business’s fifty day simple moving average is C$11.31 and its 200-day simple moving average is C$11.54. The company has a current ratio of 2.08, a quick ratio of 0.99 and a debt-to-equity ratio of 43.77. The firm has a market cap of C$92.27 million, a P/E ratio of 15.87 and a beta of 0.39.

Goodfellow Company Profile

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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.

Further Reading

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