Greystone Logistics (OTCMKTS:GLGI) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.19 and traded as low as $0.95. Greystone Logistics shares last traded at $1.01, with a volume of 7,596 shares traded.

Greystone Logistics Stock Performance

The stock has a market capitalization of $28.05 million, a price-to-earnings ratio of 14.37 and a beta of 1.37. The company’s fifty day simple moving average is $1.03 and its 200 day simple moving average is $1.19. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.42.

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

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.