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

Greif Bros. Corporation (NYSE:GEF.B) shares saw unusually-high trading volume on Thursday . Approximately 38,859 shares were traded during trading, a decline of 20% from the previous session’s volume of 48,371 shares.The stock last traded at $113.28 and had previously closed at $111.46.

Greif Bros. Stock Up 1.0%

The business’s 50 day moving average price is $97.08 and its 200-day moving average price is $88.98. The firm has a market capitalization of $5.20 billion, a PE ratio of 31.62 and a beta of 0.58. 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 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 net margin of 7.53% and a return on equity of 13.66%. The firm had revenue of $1.17 billion during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GEF.B. Public Employees Retirement System of Ohio purchased a new position in shares of Greif Bros. during the second quarter worth $86,000. Paladin Partners LLC purchased a new stake in shares of Greif Bros. in the 2nd quarter valued at $1,049,000. Finally, Great Lakes Advisors LLC acquired a new position in Greif Bros. during the 2nd quarter worth about $1,334,000. 5.13% of the stock is currently owned by hedge funds and other institutional investors.

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.