Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw an uptick in trading volume on Friday. Approximately 50,160 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 53,660 shares. The stock last traded at $107.9210 and had previously closed at $107.47.

Greif Bros. Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a 50-day moving average of $107.02 and a 200-day moving average of $92.82. The stock has a market cap of $5.00 billion, a PE ratio of 30.41 and a beta of 0.57.

Greif Bros. (NYSE:GEF.B) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.46 EPS for the quarter. Greif Bros. had a return on equity of 13.66% and a net margin of 7.53%.The company had revenue of $1.17 billion for the quarter.

Hedge Funds Weigh In On Greif Bros.

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Greif Bros. during the second quarter valued at $86,000. Paladin Partners LLC purchased a new stake in Greif Bros. in the 2nd quarter worth $1,049,000. Finally, Great Lakes Advisors LLC purchased a new stake in Greif Bros. in the 2nd quarter worth $1,334,000. Hedge funds and other institutional investors own 5.13% of the company’s stock.

About Greif Bros.

Greif, Inc, formerly known as Greif Bros. Corporation, is a global manufacturer of industrial packaging products and paper-based packaging solutions. The company serves manufacturers and other businesses that require packaging for transporting, protecting and storing goods.

Its products include rigid industrial containers such as steel, fiber and plastic drums, intermediate bulk containers and related closures. Greif also provides flexible intermediate bulk containers, containerboard, corrugated sheets and products, paperboard tubes and cores, protective packaging, and packaging services.