Greystone Logistics (OTCMKTS:GLGI) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGIGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.19 and traded as low as $0.95. Greystone Logistics shares last traded at $1.01, with a volume of 7,596 shares traded.

Greystone Logistics Price Performance

The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average is $1.03 and its 200 day moving average is $1.19. The firm has a market cap of $28.05 million, a price-to-earnings ratio of 14.37 and a beta of 1.37.

Greystone Logistics (OTCMKTS:GLGIGet Free Report) last released its earnings results on Tuesday, January 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Greystone Logistics had a net margin of 4.23% and a return on equity of 9.78%.

Greystone Logistics Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Greystone Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greystone Logistics and related companies with MarketBeat.com's FREE daily email newsletter.