Greystone Logistics (OTCMKTS:GLGI) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.01 and traded as low as $1.01. Greystone Logistics shares last traded at $1.01, with a volume of 10,499 shares changing hands.

Greystone Logistics Stock Down 6.5 %

The firm’s 50-day simple moving average is $1.01 and its 200-day simple moving average is $1.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.54 and a current ratio of 2.11. The company has a market capitalization of $28.56 million, a price-to-earnings ratio of 9.18 and a beta of 1.36.

Greystone Logistics (OTCMKTS:GLGI) last issued its earnings results on Friday, October 18th. The company reported $0.01 EPS for the quarter. Greystone Logistics had a return on equity of 15.05% and a net margin of 6.00%. The firm had revenue of $13.46 million during the quarter.

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.