Greystone Logistics (OTCMKTS:GLGI) Shares Cross Below 50-Day Moving Average – What’s Next?

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.06 and traded as low as $1.04. Greystone Logistics shares last traded at $1.05, with a volume of 1,406 shares changing hands.

Greystone Logistics Trading Up 3.2 %

The company’s 50 day simple moving average is $1.06 and its 200 day simple moving average is $1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.11 and a quick ratio of 1.54. The firm has a market cap of $29.69 million, a price-to-earnings ratio of 9.55 and a beta of 1.38.

Greystone Logistics (OTCMKTS:GLGI) last released its earnings results on Friday, October 18th. The company reported $0.01 EPS for the quarter. Greystone Logistics had a return on equity of 15.05% and a net margin of 6.00%. The firm had revenue of $13.46 million during the quarter.

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.