Greystone Logistics (OTCMKTS:GLGI) Stock Passes Above Fifty Day Moving Average of $1.17

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.17 and traded as high as $1.25. Greystone Logistics shares last traded at $1.25, with a volume of 24,099 shares.

Greystone Logistics Stock Up 2.5 %

The firm’s 50-day moving average price is $1.17 and its 200 day moving average price is $1.17. The firm has a market cap of $35.35 million, a P/E ratio of 8.93 and a beta of 1.32. The company has a quick ratio of 1.75, a current ratio of 2.16 and a debt-to-equity ratio of 0.53.

Greystone Logistics (OTCMKTS:GLGI) last released its quarterly earnings results on Monday, April 15th. The company reported $0.01 EPS for the quarter. The business had revenue of $13.98 million during the quarter. Greystone Logistics had a net margin of 7.15% and a return on equity of 21.30%.

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.