Greif Bros. Corporation (NYSE:GEF.B – Get Free Report) shares saw an uptick in trading volume on Friday. Approximately 107,328 shares traded hands during mid-day trading, an increase of 79% from the average daily volume of 59,921 shares. The stock last traded at $99.5450 and had previously closed at $99.90.
Greif Bros. Stock Performance
The stock has a 50-day simple moving average of $108.53 and a 200-day simple moving average of $94.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.33 and a quick ratio of 1.02. The stock has a market cap of $4.65 billion, a PE ratio of 20.82 and a beta of 0.62.
Greif Bros. (NYSE:GEF.B – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $1.28 EPS for the quarter. The company had revenue of $1.14 billion for the quarter. Greif Bros. had a return on equity of 13.03% and a net margin of 5.91%.
Institutional Trading of Greif Bros.
A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Greif Bros. in the second quarter valued at about $86,000. Great Lakes Advisors LLC purchased a new position in Greif Bros. in the 2nd quarter worth approximately $1,334,000. Finally, Paladin Partners LLC purchased a new position in Greif Bros. in the 2nd quarter worth approximately $1,049,000. 5.13% of the stock is owned by hedge funds and other institutional investors.
Greif Bros. Company Profile
Greif, Inc., formerly known as Greif Bros., is a global packaging company that traces its history to 1877, when it began as a manufacturer of wooden barrels. Today, it makes and sells packaging products for industrial, consumer, and other markets. Its products include steel and plastic drums, intermediate bulk containers, containerboard, corrugated packaging, and paperboard packaging. Greif also provides related services, including packaging reconditioning and recycling, filling, and logistics support.
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