Greystone Logistics (OTCMKTS:GLGI) Stock Price Crosses Below 200-Day Moving Average of $1.13

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.13 and traded as low as $1.05. Greystone Logistics shares last traded at $1.06, with a volume of 34,010 shares.

Greystone Logistics Trading Down 7.8 %

The company has a debt-to-equity ratio of 0.53, a current ratio of 2.16 and a quick ratio of 1.27. The business has a 50 day moving average of $1.33 and a 200 day moving average of $1.13. The firm has a market capitalization of $29.98 million, a price-to-earnings ratio of 7.57 and a beta of 1.22.

Greystone Logistics (OTCMKTS:GLGI) last announced its quarterly earnings data on Monday, April 15th. The company reported $0.01 EPS for the quarter. Greystone Logistics had a return on equity of 21.30% and a net margin of 7.15%. The business had revenue of $13.98 million during the quarter.

Greystone Logistics Company Profile

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.