Greystone Logistics (OTCMKTS:GLGI) Share Price Passes Below 200 Day Moving Average – What’s Next?

Greystone Logistics, Inc. (OTCMKTS:GLGI) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.10 and traded as low as $1.04. Greystone Logistics shares last traded at $1.04, with a volume of 12,246 shares trading hands.

Greystone Logistics Stock Down 0.3 %

The stock has a 50-day simple moving average of $1.02 and a two-hundred day simple moving average of $1.10. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.42. The firm has a market cap of $29.00 million, a PE ratio of 14.86 and a beta of 1.22.

Greystone Logistics (OTCMKTS:GLGI) last released its earnings results on Tuesday, January 14th. The company reported ($0.01) earnings per share for the quarter. Greystone Logistics had a return on equity of 9.78% and a net margin of 4.23%.

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.