Greystone Logistics (OTCMKTS:GLGI) Shares Pass Below 200 Day Moving Average of $1.13

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.13 and traded as low as $1.12. Greystone Logistics shares last traded at $1.12, with a volume of 100 shares changing hands.

Greystone Logistics Price Performance

The stock has a market cap of $31.67 million, a P/E ratio of 8.00 and a beta of 1.29. The company has a quick ratio of 1.75, a current ratio of 2.16 and a debt-to-equity ratio of 0.53. The business’s 50-day simple moving average is $1.25 and its two-hundred day simple moving average is $1.13.

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

About Greystone Logistics

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.