Greystone Logistics (OTCMKTS:GLGI) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.16 and traded as low as $0.99. Greystone Logistics shares last traded at $1.03, with a volume of 1,715 shares trading hands.

Greystone Logistics Stock Up 0.3 %

The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $28.81 million, a price-to-earnings ratio of 14.76 and a beta of 1.35. The firm has a 50 day moving average of $1.03 and a two-hundred day moving average of $1.16.

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

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.