Greystone Logistics (OTCMKTS:GLGI) Stock Price Passes Below 200-Day Moving Average of $1.14

Greystone Logistics, Inc. (OTCMKTS:GLGIGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.14 and traded as low as $1.05. Greystone Logistics shares last traded at $1.11, with a volume of 24,506 shares changing hands.

Greystone Logistics Stock Up 3.4 %

The company has a fifty day moving average of $1.22 and a two-hundred day moving average of $1.14. The company has a market cap of $32.52 million, a PE ratio of 8.21 and a beta of 1.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 2.16.

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

About Greystone Logistics

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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.

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