Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw unusually-high trading volume on Wednesday . Approximately 79,193 shares changed hands during trading, an increase of 211% from the previous session’s volume of 25,464 shares.The stock last traded at $80.8830 and had previously closed at $82.30.

Greif Bros. Stock Performance

The firm’s 50-day moving average price is $83.65 and its 200-day moving average price is $81.72. The stock has a market cap of $3.91 billion, a P/E ratio of 40.06 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.00.

Greif Bros. (NYSE:GEF.B) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.10 earnings per share for the quarter. Greif Bros. had a net margin of 7.27% and a return on equity of 13.52%. The company had revenue of $1.07 billion for the quarter.

Greif Bros. Company Profile

Greif, Inc (NYSE: GEF.B) is a global industrial packaging company with roots tracing back to its founding by the Greif brothers in 1877. Over more than a century of operation, the company has evolved from a regional barrel maker into a diversified supplier of industrial packaging products and services. Headquartered in the United States, Greif combines a long heritage of manufacturing expertise with a strategic focus on innovation and sustainability.

The company’s core offerings span a broad range of packaging solutions.