Greif Bros. (NYSE:GEF.B) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Greif Bros. Corporation (NYSE:GEF.B) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $83.99 and traded as low as $78.74. Greif Bros. shares last traded at $79.4810, with a volume of 19,287 shares traded.

Greif Bros. Price Performance

The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 37.32 and a beta of 0.62. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $83.99 and a 200 day simple moving average of $81.16.

Greif Bros. (NYSE:GEF.B) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter. Greif Bros. had a return on equity of 13.52% and a net margin of 7.27%.The business had revenue of $1.07 billion during the quarter.

Greif Bros. Company Profile

Greif, Inc (NYSE: GEF.B) is a global industrial packaging company with roots tracing back to its founding by the Greif brothers in 1877. Over more than a century of operation, the company has evolved from a regional barrel maker into a diversified supplier of industrial packaging products and services. Headquartered in the United States, Greif combines a long heritage of manufacturing expertise with a strategic focus on innovation and sustainability.

The company’s core offerings span a broad range of packaging solutions.