Greystone Logistics (OTCMKTS:GLGI) Shares Pass Below 200-Day Moving Average – Here’s Why

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.16 and traded as low as $0.99. Greystone Logistics shares last traded at $1.03, with a volume of 1,715 shares traded.

Greystone Logistics Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 2.05 and a quick ratio of 1.52. The stock’s 50-day simple moving average is $1.03 and its 200 day simple moving average is $1.16. The stock has a market capitalization of $28.72 million, a P/E ratio of 14.71 and a beta of 1.35.

Greystone Logistics (OTCMKTS:GLGI) last posted its earnings results on Tuesday, January 14th. The company reported ($0.01) earnings per share for the quarter. Greystone Logistics had a return on equity of 9.78% and a net margin of 4.23%.

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.