Greystone Logistics (OTCMKTS:GLGI) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGI) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $0.22 and traded as low as $0.19. Greystone Logistics shares last traded at $0.19, with a volume of 9,900 shares trading hands.

Greystone Logistics Price Performance

The stock’s 50-day simple moving average is $0.24 and its two-hundred day simple moving average is $0.22. The firm has a market cap of $5.18 million, a P/E ratio of -0.54 and a beta of -0.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.43 and a quick ratio of 0.26.

Greystone Logistics (OTCMKTS:GLGI) last issued its quarterly earnings results on Thursday, October 15th. The company reported ($0.09) EPS for the quarter. Greystone Logistics had a negative net margin of 43.82% and a negative return on equity of 76.26%. The firm had revenue of $5.32 million for the quarter.

About Greystone Logistics

Greystone Logistics, Inc is a manufacturer and distributor of reusable plastic pallets and related material-handling products. The company focuses on producing durable pallets for use in supply chains, warehouses, distribution centers, and other industrial applications.

Greystone’s products are made primarily from recycled plastic materials and are designed to provide an alternative to traditional wood pallets. Its offerings include pallets in multiple sizes and configurations, including models intended for shipping, storage, and automated handling systems.

The company is based in Tulsa, Oklahoma, and serves customers in industries such as beverage, food, consumer products, manufacturing, and logistics.