Greystone Logistics (OTCMKTS:GLGI) Shares Pass Below 200 Day Moving Average – Should You Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGIGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.27 and traded as low as $0.22. Greystone Logistics shares last traded at $0.22, with a volume of 224 shares.

Greystone Logistics Price Performance

The firm has a market capitalization of $6.08 million, a price-to-earnings ratio of -1.31 and a beta of -0.08. The business’s fifty day simple moving average is $0.21 and its 200 day simple moving average is $0.27.

Greystone Logistics Company Profile

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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.

Further Reading

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