Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume – Here’s What Happened

Greif Bros. Corporation (NYSE:GEF.B) shares saw unusually-strong trading volume on Thursday . 65,551 shares were traded during trading, an increase of 41% from the previous session’s volume of 46,594 shares.The stock last traded at $113.1360 and had previously closed at $111.77.

Greif Bros. Trading Up 0.8%

The stock has a market cap of $5.20 billion, a PE ratio of 31.64 and a beta of 0.58. The company’s 50-day moving average price is $94.02 and its 200 day moving average price is $87.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29.

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

Hedge Funds Weigh In On Greif Bros.

An institutional investor recently bought a new position in Greif Bros. stock. Paladin Partners LLC bought a new stake in Greif Bros. Corporation (NYSE:GEF.B) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 11,216 shares of the industrial products company’s stock, valued at approximately $1,049,000. Greif Bros. makes up approximately 0.7% of Paladin Partners LLC’s portfolio, making the stock its 23rd biggest holding. Institutional investors own 5.13% of the company’s stock.

About Greif Bros.

Greif, Inc (NYSE: GEF.B) is a global industrial packaging company with roots tracing back to its founding by the Greif brothers in 1877. Over more than a century of operation, the company has evolved from a regional barrel maker into a diversified supplier of industrial packaging products and services. Headquartered in the United States, Greif combines a long heritage of manufacturing expertise with a strategic focus on innovation and sustainability.

The company’s core offerings span a broad range of packaging solutions.