Goodfellow (TSE:GDL) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Goodfellow Inc. (TSE:GDL) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$13.10 and traded as low as C$12.05. Goodfellow shares last traded at C$12.12, with a volume of 2,710 shares traded.

Goodfellow Price Performance

The company has a 50-day moving average price of C$13.10 and a two-hundred day moving average price of C$13.80. The company has a market cap of C$102.78 million, a PE ratio of 7.87 and a beta of 1.07. The company has a debt-to-equity ratio of 19.35, a current ratio of 2.78 and a quick ratio of 0.99.

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.