Greystone Logistics (OTCMKTS:GLGI) Stock Price Passes Below 200-Day Moving Average of $1.14

Greystone Logistics, Inc. (OTCMKTS:GLGIGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.14 and traded as low as $1.05. Greystone Logistics shares last traded at $1.11, with a volume of 24,506 shares.

Greystone Logistics Trading Up 3.4 %

The company has a debt-to-equity ratio of 0.53, a current ratio of 2.16 and a quick ratio of 1.75. The firm’s 50 day moving average is $1.22 and its 200 day moving average is $1.14. The company has a market capitalization of $32.52 million, a PE ratio of 8.21 and a beta of 1.29.

Greystone Logistics (OTCMKTS:GLGIGet Free Report) last released its quarterly earnings results on Monday, April 15th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $13.98 million for the quarter. Greystone Logistics had a net margin of 7.15% and a return on equity of 21.30%.

About Greystone Logistics

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Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States. The company offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. It sells its pallets directly, as well as through a network of independent contractor distributors.

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