Greystone Logistics (OTCMKTS:GLGI) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGIGet Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.22 and traded as high as $0.23. Greystone Logistics shares last traded at $0.23, with a volume of 2,100 shares trading hands.

Greystone Logistics Price Performance

The stock has a fifty day moving average of $0.22 and a 200-day moving average of $0.24. The stock has a market cap of $6.41 million, a PE ratio of -1.38 and a beta of -0.09.

About Greystone Logistics

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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.

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