Greystone Logistics (OTCMKTS:GLGI) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.01 and traded as low as $1.01. Greystone Logistics shares last traded at $1.01, with a volume of 10,499 shares traded.

Greystone Logistics Trading Down 6.5 %

The business has a 50-day moving average of $1.01 and a 200-day moving average of $1.26. The company has a quick ratio of 1.54, a current ratio of 2.11 and a debt-to-equity ratio of 0.44. The stock has a market cap of $28.56 million, a price-to-earnings ratio of 9.18 and a beta of 1.36.

Greystone Logistics (OTCMKTS:GLGI) last posted its earnings results on Friday, October 18th. The company reported $0.01 EPS for the quarter. Greystone Logistics had a net margin of 6.00% and a return on equity of 15.05%. The firm had revenue of $13.46 million for the quarter.

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.