Greystone Logistics (OTCMKTS:GLGI) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.19 and traded as low as $0.66. Greystone Logistics shares last traded at $0.6669, with a volume of 34,850 shares trading hands.

Greystone Logistics Stock Performance

The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average of $1.03 and a 200 day moving average of $1.19. The stock has a market capitalization of $18.19 million, a P/E ratio of 22.24 and a beta of 0.17.

Greystone Logistics (OTCMKTS:GLGI) last announced its quarterly earnings results on Wednesday, October 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $10.73 million during the quarter. Greystone Logistics had a net margin of 1.66% and a return on equity of 4.35%.

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.