Greif Bros. Corporation (NYSE:GEF.B – Get Free Report) shares saw unusually-strong trading volume on Friday. Approximately 107,328 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 59,921 shares. The stock last traded at $99.5450 and had previously closed at $99.90.
Greif Bros. Price Performance
The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 20.72 and a beta of 0.62. The company has a quick ratio of 1.02, a current ratio of 1.33 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $108.67 and its two-hundred day moving average is $94.82.
Greif Bros. (NYSE:GEF.B – Get Free Report) last released its earnings results on Tuesday, November 3rd. The industrial products company reported $1.28 EPS for the quarter. The firm had revenue of $1.14 billion during the quarter. Greif Bros. had a net margin of 5.91% and a return on equity of 13.03%.
Institutional Investors Weigh In On Greif Bros.
A number of institutional investors have recently made changes to their positions in the stock. Great Lakes Advisors LLC bought a new position in Greif Bros. during the second quarter worth about $1,334,000. Paladin Partners LLC acquired a new position in shares of Greif Bros. during the 2nd quarter worth about $1,049,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Greif Bros. during the 2nd quarter worth about $86,000. 5.13% of the stock is owned by institutional investors and hedge funds.
About Greif Bros.
Greif, Inc., formerly known as Greif Bros., is a global packaging company that traces its history to 1877, when it began as a manufacturer of wooden barrels. Today, it makes and sells packaging products for industrial, consumer, and other markets. Its products include steel and plastic drums, intermediate bulk containers, containerboard, corrugated packaging, and paperboard packaging. Greif also provides related services, including packaging reconditioning and recycling, filling, and logistics support.
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