Greystone Logistics (OTCMKTS:GLGI) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.10 and traded as low as $1.04. Greystone Logistics shares last traded at $1.04, with a volume of 12,246 shares traded.

Greystone Logistics Stock Down 0.3 %

The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $1.02 and a 200 day simple moving average of $1.10. The firm has a market capitalization of $29.00 million, a PE ratio of 14.86 and a beta of 1.22.

Greystone Logistics (OTCMKTS:GLGI) last issued its earnings results on Tuesday, January 14th. The company reported ($0.01) EPS for the quarter. Greystone Logistics had a return on equity of 9.78% and a net margin of 4.23%.

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.