Goodfellow (TSE:GDL) Sets New 1-Year Low – What’s Next?

Goodfellow Inc. (TSE:GDL) shares hit a new 52-week low during 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. The stock had previously closed at C$11.00.

Goodfellow Stock Performance

The stock has a market capitalization of C$90.52 million, a price-to-earnings ratio of 20.96 and a beta of 0.26. The firm has a fifty day moving average of C$11.20 and a 200 day moving average of C$11.42. The company has a debt-to-equity ratio of 29.69, a current ratio of 2.37 and a quick ratio of 0.99.

Goodfellow (TSE:GDL) last announced its quarterly 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 during the quarter.

Goodfellow Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a dividend yield of 91.0%. Goodfellow’s dividend payout ratio (DPR) 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.