Greystone Logistics (OTCMKTS:GLGI) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.03 and traded as high as $1.10. Greystone Logistics shares last traded at $1.09, with a volume of 12,302 shares changing hands.

Greystone Logistics Trading Down 0.4 %

The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $1.03 and a 200-day moving average price of $1.06. The company has a market capitalization of $30.39 million, a price-to-earnings ratio of 15.57 and a beta of 1.22.

Greystone Logistics (OTCMKTS:GLGI) last issued its earnings results on Friday, April 11th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $14.32 million for the quarter. Greystone Logistics had a return on equity of 9.78% and a net margin of 4.23%.

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.