Greif Bros. (NYSE:GEF.B) Shares Break Below Fifty Day Moving Average – Here’s What Happened

Greif Bros. Corporation (NYSE:GEF.B)’s share price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $108.53 and traded as low as $107.00. Greif Bros. shares last traded at $107.67, with a volume of 70,481 shares.

Greif Bros. Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29. The company’s fifty day moving average price is $108.53 and its 200 day moving average price is $93.71. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 30.24 and a beta of 0.62.

Greif Bros. (NYSE:GEF.B) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.46 earnings per share for the quarter. Greif Bros. had a net margin of 7.53% and a return on equity of 13.66%. The firm had revenue of $1.17 billion for the quarter.

Institutional Trading of Greif Bros.

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in Greif Bros. during the 2nd quarter worth $86,000. Great Lakes Advisors LLC acquired a new position in shares of Greif Bros. during the second quarter valued at $1,334,000. Finally, Paladin Partners LLC bought a new position in shares of Greif Bros. during the second quarter worth about $1,049,000. Institutional investors own 5.13% of the company’s stock.

Greif Bros. Company Profile

Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial packaging and paper-based products. The company serves manufacturers and other commercial customers that require packaging for chemicals, food and beverage products, agricultural materials, petroleum products and other goods.

Its product portfolio includes steel, fiber and plastic drums; rigid intermediate bulk containers; flexible intermediate bulk containers; containerboard; corrugated sheets and packaging; and related paper products and services.