Greystone Logistics (OTCMKTS:GLGI) Shares Pass Below 200-Day Moving Average – Here’s Why

Shares of Greystone Logistics, Inc. (OTCMKTS:GLGI) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.42 and traded as low as $0.1820. Greystone Logistics shares last traded at $0.1820, with a volume of 34,500 shares traded.

Greystone Logistics Trading Down 1.6%

The company has a market cap of $4.96 million, a P/E ratio of -1.07 and a beta of 0.01. The stock’s 50-day moving average price is $0.25 and its 200-day moving average price is $0.42.

Greystone Logistics (OTCMKTS:GLGI) last released its quarterly earnings data on Tuesday, April 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $3.47 million for the quarter. Greystone Logistics had a negative return on equity of 27.34% and a negative net margin of 11.80%.

About Greystone Logistics

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. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc in March 2005. Greystone Logistics, Inc was incorporated in 1969 and is based in Tulsa, Oklahoma.