Greif Bros. (NYSE:GEF.B) Sees Strong Trading Volume – Still a Buy?

Greif Bros. Corporation (NYSE:GEF.B) saw unusually-high trading volume on Monday. Approximately 90,709 shares changed hands during trading, an increase of 54% from the average daily volume of 58,810 shares. The stock last traded at $114.61 and had previously closed at $115.11.

Greif Bros. Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $109.22 and a 200-day moving average price of $94.11.

Greif Bros. (NYSE:GEF.B) last released its earnings results on Tuesday, November 3rd. The industrial products company reported $1.28 earnings per share for the quarter. The firm had revenue of $1.14 billion for the quarter. Greif Bros. had a return on equity of 13.66% and a net margin of 7.53%.

Hedge Funds Weigh In On Greif Bros.

Large investors have recently bought and sold shares of the business. Great Lakes Advisors LLC purchased a new position in Greif Bros. during the 2nd quarter worth $1,334,000. Paladin Partners LLC bought a new stake in Greif Bros. during the 2nd quarter valued at $1,049,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Greif Bros. during the 2nd quarter valued at $86,000. Hedge funds and other institutional investors own 5.13% of the company’s stock.

About Greif Bros.

Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial and paper-based packaging. Founded in 1877 as a cooperage business, the company has expanded from manufacturing wooden barrels into a diversified packaging organization serving customers in a range of industries.

Greif’s products include steel, fiber and plastic drums; intermediate bulk containers; containerboard and corrugated products; paper sacks; and other specialty and protective packaging. The company also provides packaging-related services, including container reconditioning, recycling and logistics support.