Greystone Logistics (OTCMKTS:GLGI) Share Price Passes Below 50-Day Moving Average – What’s Next?

Greystone Logistics, Inc. (OTCMKTS:GLGI) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.01 and traded as low as $1.01. Greystone Logistics shares last traded at $1.01, with a volume of 10,499 shares trading hands.

Greystone Logistics Stock Down 1.0 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.54 and a current ratio of 2.11. The company’s fifty day moving average price is $1.01 and its 200-day moving average price is $1.26. The stock has a market cap of $28.28 million, a P/E ratio of 9.09 and a beta of 1.36.

Greystone Logistics (OTCMKTS:GLGI) last posted its quarterly earnings data on Friday, October 18th. The company reported $0.01 earnings per share for the quarter. Greystone Logistics had a net margin of 6.00% and a return on equity of 15.05%. The company had revenue of $13.46 million for the quarter.

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.