Greystone Logistics Inc (OTCMKTS:GLGI) Director Sells $69,300.00 in Stock
Greystone Logistics Inc (OTCMKTS:GLGI) Director Larry J. Lebarre sold 77,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $0.90, for a total value of $69,300.00.
Shares of GLGI opened at $1.04 on Friday. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.43 and a current ratio of 0.66. The stock has a 50-day moving average of $0.83 and a 200-day moving average of $0.64. Greystone Logistics Inc has a one year low of $0.30 and a one year high of $1.04.
Separately, ValuEngine downgraded Greystone Logistics from a “hold” rating to a “sell” rating in a research note on Saturday.
Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resin. It offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. The company also offers tolling services. It sells its pallets directly, as well as through a network of independent contractor distributors.
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