Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Greif Bros. Corporation (NYSE:GEF.B) saw strong trading volume on Tuesday . 39,492 shares changed hands during trading, an increase of 28% from the previous session’s volume of 30,822 shares.The stock last traded at $88.0050 and had previously closed at $85.64.

Greif Bros. Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average is $83.44 and its two-hundred day moving average is $82.19. The company has a market capitalization of $3.95 billion, a P/E ratio of 40.18 and a beta of 0.62.

Greif Bros. (NYSE:GEF.B) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.10 earnings per share for the quarter. Greif Bros. had a net margin of 7.27% and a return on equity of 13.52%. The company had revenue of $1.07 billion for the quarter.

About Greif Bros.

Greif, Inc (NYSE: GEF.B) is a global industrial packaging company with roots tracing back to its founding by the Greif brothers in 1877. Over more than a century of operation, the company has evolved from a regional barrel maker into a diversified supplier of industrial packaging products and services. Headquartered in the United States, Greif combines a long heritage of manufacturing expertise with a strategic focus on innovation and sustainability.

The company’s core offerings span a broad range of packaging solutions.