Greystone Logistics (OTCMKTS:GLGI) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Greystone Logistics, Inc. (OTCMKTS:GLGI) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.75 and traded as low as $0.3050. Greystone Logistics shares last traded at $0.3050, with a volume of 191,200 shares changing hands.

Greystone Logistics Stock Performance

The company’s fifty day simple moving average is $0.41 and its two-hundred day simple moving average is $0.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 1.17. The stock has a market capitalization of $8.32 million, a P/E ratio of -7.63 and a beta of 0.08.

Greystone Logistics (OTCMKTS:GLGI) last posted its earnings results on Wednesday, January 14th. The company reported ($0.08) EPS 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%.

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. 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.