Greystone Logistics (OTCMKTS:GLGI) Share Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.01 and traded as low as $1.01. Greystone Logistics shares last traded at $1.01, with a volume of 10,499 shares.

Greystone Logistics Trading Down 1.0 %

The stock has a fifty day simple moving average of $1.01 and a 200 day simple moving average of $1.26. The firm has a market capitalization of $28.28 million, a P/E ratio of 9.09 and a beta of 1.36. The company has a quick ratio of 1.54, a current ratio of 2.11 and a debt-to-equity ratio of 0.44.

Greystone Logistics (OTCMKTS:GLGI) last issued its earnings results on Friday, October 18th. The company reported $0.01 earnings per share (EPS) for the quarter. Greystone Logistics had a return on equity of 15.05% and a net margin of 6.00%. The company had revenue of $13.46 million for 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.