Greystone Logistics (OTCMKTS:GLGI) Shares Pass Above 50-Day Moving Average – Time to Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.23 and traded as high as $0.25. Greystone Logistics shares last traded at $0.25, with a volume of 3,900 shares changing hands.

Greystone Logistics Stock Down 17.9%

The company has a current ratio of 0.46, a quick ratio of 0.28 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $0.23 and its 200-day simple moving average is $0.24. The company has a market capitalization of $5.60 million, a PE ratio of -0.68 and a beta of -0.04.

Greystone Logistics (OTCMKTS:GLGI) last released its quarterly earnings data on Monday, August 31st. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $5.56 million during the quarter. Greystone Logistics had a negative return on equity of 54.40% and a negative net margin of 29.91%.

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.