Greif Bros. (NYSE:GEF.B) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Greif Bros. Corporation (NYSE:GEF.B) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $93.33 and traded as high as $112.13. Greif Bros. shares last traded at $111.4840, with a volume of 54,262 shares changing hands.

Greif Bros. Stock Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29. The stock has a market capitalization of $5.17 billion, a P/E ratio of 31.43 and a beta of 0.58. The business has a 50-day moving average price of $94.02 and a 200 day moving average price of $87.99.

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

Institutional Investors Weigh In On Greif Bros.

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

Greif Bros. Company Profile

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.