Greystone Logistics (OTCMKTS:GLGI) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Greystone Logistics, Inc. (OTCMKTS:GLGI) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.13 and traded as low as $1.04. Greystone Logistics shares last traded at $1.04, with a volume of 105 shares changing hands.

Greystone Logistics Stock Performance

The firm’s fifty day moving average price is $1.02 and its 200 day moving average price is $1.13. The firm has a market cap of $29.00 million, a P/E ratio of 14.86 and a beta of 1.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.52 and a current ratio of 2.05.

Greystone Logistics (OTCMKTS:GLGI) last issued its quarterly earnings data on Tuesday, January 14th. The company reported ($0.01) EPS for the quarter. Greystone Logistics had a return on equity of 9.78% and a net margin of 4.23%.

Greystone Logistics Company Profile

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.