Greystone Logistics (OTCMKTS:GLGI) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.61 and traded as high as $0.63. Greystone Logistics shares last traded at $0.63, with a volume of 150 shares trading hands.

Greystone Logistics Stock Performance

The company has a fifty day moving average price of $0.61 and a two-hundred day moving average price of $0.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.45 and a quick ratio of 0.92. The company has a market capitalization of $17.18 million, a P/E ratio of 21.01 and a beta of 0.13.

Greystone Logistics (OTCMKTS:GLGI) last issued its quarterly earnings data on Wednesday, October 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. Greystone Logistics had a net margin of 1.66% and a return on equity of 4.35%. The business had revenue of $10.73 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. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc in March 2005. Greystone Logistics, Inc was incorporated in 1969 and is based in Tulsa, Oklahoma.