Greystone Logistics (OTCMKTS:GLGI) Announces Quarterly Earnings Results

Greystone Logistics (OTCMKTS:GLGI) posted its quarterly earnings results on Wednesday. The company reported ($0.08) earnings per share for the quarter, Zacks reports. Greystone Logistics had a net margin of 1.66% and a return on equity of 4.35%.

Greystone Logistics Price Performance

Shares of GLGI opened at $0.59 on Thursday. The firm has a fifty day moving average price of $0.61 and a 200 day moving average price of $0.97. The stock has a market cap of $16.07 million, a PE ratio of 19.65 and a beta of 0.13. Greystone Logistics has a 1-year low of $0.51 and a 1-year high of $1.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.45 and a quick ratio of 0.92.

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.