Greystone Logistics (OTCMKTS:GLGI) Shares Cross Below Two Hundred Day Moving Average of $1.13

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.13 and traded as low as $1.12. Greystone Logistics shares last traded at $1.12, with a volume of 100 shares.

Greystone Logistics Stock Down 0.9 %

The firm’s 50 day simple moving average is $1.25 and its two-hundred day simple moving average is $1.13. The firm has a market cap of $31.67 million, a price-to-earnings ratio of 8.00 and a beta of 1.29. The company has a current ratio of 2.16, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53.

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

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.