Goodfellow (TSE:GDL) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Goodfellow Inc. (TSE:GDLGet Free Report)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$11.45 and traded as low as C$11.20. Goodfellow shares last traded at C$11.29, with a volume of 1,330 shares trading hands.

Goodfellow Stock Down 0.1%

The business has a 50-day moving average of C$11.45 and a 200-day moving average of C$11.79. The company has a debt-to-equity ratio of 43.77, a quick ratio of 0.99 and a current ratio of 2.08. The stock has a market capitalization of C$93.76 million, a price-to-earnings ratio of 16.13 and a beta of 0.34.

About Goodfellow

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Goodfellow Inc is engaged in remanufacturers and distributors of lumber products and hardwood flooring products. It is engaged in the domestic and export sales of wholesale distribution of wood products, and remanufacturing, distribution and brokerage of lumber. Goodfellow offers products, including decking, flooring, lumber, insulation and soundproofing, panels, siding, and specialty and commodity panels. Goodfellow represents three main sectors – retail trade, industrial, and manufacturing. The company manages its operations under one operating segment.

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