Greystone Logistics (OTCMKTS:GLGI) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Greystone Logistics, Inc. (OTCMKTS:GLGI) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $0.22 and traded as low as $0.19. Greystone Logistics shares last traded at $0.19, with a volume of 9,900 shares.

Greystone Logistics Stock Up 9.5%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.26 and a current ratio of 0.43. The firm has a market cap of $5.97 million, a PE ratio of -0.63 and a beta of -0.02. The stock has a fifty day moving average price of $0.24 and a 200-day moving average price of $0.22.

Greystone Logistics (OTCMKTS:GLGI) last posted its earnings results on Thursday, October 15th. The company reported ($0.09) earnings per share (EPS) for the quarter. Greystone Logistics had a negative net margin of 43.82% and a negative return on equity of 76.26%. The company had revenue of $5.32 million during the quarter.

About Greystone Logistics

Greystone Logistics, Inc is a manufacturer and distributor of reusable plastic pallets and related material-handling products. The company focuses on producing durable pallets for use in supply chains, warehouses, distribution centers, and other industrial applications.

Greystone’s products are made primarily from recycled plastic materials and are designed to provide an alternative to traditional wood pallets. Its offerings include pallets in multiple sizes and configurations, including models intended for shipping, storage, and automated handling systems.

The company is based in Tulsa, Oklahoma, and serves customers in industries such as beverage, food, consumer products, manufacturing, and logistics.