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

Greystone Logistics, Inc. (OTCMKTS:GLGI) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.25 and traded as low as $0.2228. Greystone Logistics shares last traded at $0.2228, with a volume of 4,000 shares trading hands.

Greystone Logistics Price Performance

The company’s 50-day moving average price is $0.21 and its 200-day moving average price is $0.25. The company has a market cap of $6.08 million, a P/E ratio of -1.31 and a beta of -0.09.

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.