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

Shares of 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 $1.21 and traded as low as $0.98. Greystone Logistics shares last traded at $1.00, with a volume of 48,927 shares changing hands.

Greystone Logistics Trading Down 3.5 %

The stock has a market capitalization of $27.88 million, a price-to-earnings ratio of 14.29 and a beta of 1.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.05 and a quick ratio of 1.52. The business’s 50-day simple moving average is $1.02 and its two-hundred day simple moving average is $1.21.

Greystone Logistics (OTCMKTS:GLGI) last announced 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%.

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.