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

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.79 and traded as low as $0.3263. Greystone Logistics shares last traded at $0.3263, with a volume of 450 shares trading hands.

Greystone Logistics Trading Up 2.0%

The company has a 50 day simple moving average of $0.45 and a 200 day simple moving average of $0.79. The company has a market capitalization of $8.90 million, a PE ratio of -8.16 and a beta of 0.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 1.17.

Greystone Logistics (OTCMKTS:GLGI) last released its earnings results on Wednesday, January 14th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $7.77 million during the quarter. Greystone Logistics had a negative net margin of 1.86% and a negative return on equity of 4.88%.

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. 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.