Greystone Logistics (OTCMKTS:GLGI) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.21 and traded as low as $0.2075. Greystone Logistics shares last traded at $0.2075, with a volume of 6,000 shares traded.

Greystone Logistics Stock Down 0.7%

The company has a 50-day moving average of $0.21 and a 200 day moving average of $0.30. The stock has a market capitalization of $5.62 million, a PE ratio of -1.21 and a beta of -0.08.

Greystone Logistics (OTCMKTS:GLGI) last announced its earnings results on Tuesday, April 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. Greystone Logistics had a negative return on equity of 27.34% and a negative net margin of 11.80%.The business had revenue of $3.47 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.