Greystone Logistics (OTCMKTS:GLGI) Releases Earnings Results

Greystone Logistics (OTCMKTS:GLGI) posted its earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, Zacks reports. Greystone Logistics had a return on equity of 15.05% and a net margin of 6.00%.

Greystone Logistics Trading Up 2.0 %

Shares of GLGI stock traded up $0.02 during mid-day trading on Tuesday, reaching $1.03. The stock had a trading volume of 27,243 shares, compared to its average volume of 13,392. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $29.13 million, a PE ratio of 9.36 and a beta of 1.36. Greystone Logistics has a 52-week low of $0.89 and a 52-week high of $2.35. The stock’s 50-day moving average price is $1.00 and its two-hundred day moving average price is $1.25.

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.