Grasim Industries (OTCMKTS:GRSXY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Grasim Industries Ltd. (OTCMKTS:GRSXY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.61 and traded as low as $19.3540. Grasim Industries shares last traded at $19.61, with a volume of 0 shares traded.

Grasim Industries Price Performance

The stock has a fifty day moving average of $19.61 and a two-hundred day moving average of $19.60. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 23.91 and a beta of -0.21.

Grasim Industries (OTCMKTS:GRSXY) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 EPS for the quarter. Grasim Industries had a return on equity of 5.91% and a net margin of 2.80%.The company had revenue of $5.61 billion for the quarter.

Grasim Industries Company Profile

Grasim Industries (OTCMKTS:GRSXY) is a diversified Indian conglomerate and a flagship company of the Aditya Birla Group, with operations spanning textiles, specialty fibres, chemicals and financial services. Founded in 1947 and headquartered in Mumbai, Grasim has grown through strategic investments and capacity expansions to become one of the world’s leading producers of viscose staple fibre. The company leverages integrated manufacturing facilities and a global distribution network to serve major apparel brands and textile mills across Asia, Europe and North America.

In the textile segment, Grasim manufactures a wide range of products including viscose staple fibre, viscose filament yarn and blended fabrics.