Greystone Logistics (OTCMKTS:GLGI) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.79 and traded as low as $0.3263. Greystone Logistics shares last traded at $0.3263, with a volume of 450 shares changing hands.

Greystone Logistics Stock Up 2.0%

The company has a quick ratio of 0.69, a current ratio of 1.17 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $8.90 million, a PE ratio of -8.16 and a beta of 0.11. The business has a 50-day moving average price of $0.45 and a 200-day moving average price of $0.79.

Greystone Logistics (OTCMKTS:GLGI) last announced its quarterly earnings data on Wednesday, January 14th. The company reported ($0.08) EPS for the quarter. The company had revenue of $7.77 million for the quarter. Greystone Logistics had a negative return on equity of 4.88% and a negative net margin of 1.86%.

Greystone Logistics Company Profile

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. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc in March 2005. Greystone Logistics, Inc was incorporated in 1969 and is based in Tulsa, Oklahoma.