Greystone Logistics (OTCMKTS:GLGI) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.75 and traded as low as $0.3050. Greystone Logistics shares last traded at $0.3050, with a volume of 191,200 shares trading hands.

Greystone Logistics Stock Up 12.3%

The company has a market capitalization of $9.34 million, a P/E ratio of -8.56 and a beta of 0.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 1.17. The stock has a 50 day moving average price of $0.41 and a 200 day moving average price of $0.74.

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

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.