Greystone Logistics (OTCMKTS:GLGI) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.23 and traded as high as $0.25. Greystone Logistics shares last traded at $0.25, with a volume of 3,900 shares trading hands.

Greystone Logistics Stock Up 8.2%

The company has a current ratio of 0.46, a quick ratio of 0.28 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $0.23 and a two-hundred day simple moving average of $0.24. The company has a market cap of $6.82 million, a PE ratio of -0.83 and a beta of -0.04.

Greystone Logistics (OTCMKTS:GLGI) last released its earnings results on Monday, August 31st. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $5.56 million for the quarter. Greystone Logistics had a negative return on equity of 54.40% and a negative net margin of 29.91%.

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. 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.