Greystone Logistics (OTCMKTS:GLGI) Announces Quarterly Earnings Results

Greystone Logistics (OTCMKTS:GLGI) announced its quarterly earnings results on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. Greystone Logistics had a net margin of 1.66% and a return on equity of 4.35%.

Greystone Logistics Price Performance

Greystone Logistics stock traded down $0.04 during midday trading on Wednesday, hitting $0.59. The company’s stock had a trading volume of 87,124 shares, compared to its average volume of 27,073. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.44. Greystone Logistics has a 12 month low of $0.51 and a 12 month high of $1.38. The company has a market capitalization of $16.01 million, a PE ratio of 19.58 and a beta of 0.13. The stock’s 50-day moving average price is $0.61 and its 200-day moving average price is $0.98.

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.