Greystone Logistics (OTCMKTS:GLGI) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.19 and traded as low as $0.95. Greystone Logistics shares last traded at $1.01, with a volume of 7,596 shares changing hands.

Greystone Logistics Stock Down 3.0 %

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 company has a market capitalization of $28.05 million, a PE ratio of 14.37 and a beta of 1.37. The business’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $1.19.

Greystone Logistics (OTCMKTS:GLGI) last posted its quarterly earnings results on Tuesday, January 14th. The company reported ($0.01) earnings per share (EPS) 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.