Greystone Logistics (OTCMKTS:GLGI) Releases Earnings Results

Greystone Logistics (OTCMKTS:GLGI) posted its quarterly earnings results on Monday. The company reported ($0.08) EPS for the quarter, Zacks reports. Greystone Logistics had a negative return on equity of 27.34% and a negative net margin of 11.80%.

Greystone Logistics Stock Up 1.7%

Greystone Logistics stock traded up $0.00 during midday trading on Monday, reaching $0.26. The stock had a trading volume of 4,020 shares, compared to its average volume of 58,753. The firm has a market capitalization of $6.95 million, a PE ratio of -1.50 and a beta of -0.09. The firm’s 50-day moving average price is $0.22 and its 200 day moving average price is $0.24. Greystone Logistics has a 12 month low of $0.14 and a 12 month high of $1.35.

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. 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.