Greif Bros. (NYSE:GEF.B) Sees Strong 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 mid-day 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 Performance

The firm’s 50 day moving average price is $97.08 and its two-hundred day moving average price is $88.98. The firm has a market cap 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 released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.46 EPS 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 for the quarter.

Institutional Investors Weigh In On Greif Bros.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Greif Bros. in the 2nd quarter valued at $86,000. Paladin Partners LLC acquired a new stake in shares of Greif Bros. during the 2nd quarter worth about $1,049,000. Finally, Great Lakes Advisors LLC purchased a new stake in Greif Bros. in the 2nd quarter valued at about $1,334,000. Hedge funds and other institutional investors own 5.13% of the company’s stock.

About Greif Bros.

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.