Greif Bros. (NYSE:GEF.B) Sees Strong Trading Volume – Time to Buy?

Greif Bros. Corporation (NYSE:GEF.B) shares saw unusually-high trading volume on Thursday . 38,859 shares traded hands during trading, a decline of 20% from the previous session’s volume of 48,371 shares.The stock last traded at $113.28 and had previously closed at $111.46.

Greif Bros. Price Performance

The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $5.14 billion, a P/E ratio of 31.26 and a beta of 0.58. The company has a 50 day moving average of $98.14 and a 200-day moving average of $89.32.

Greif Bros. (NYSE:GEF.B) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.46 EPS for the quarter. Greif Bros. had a net margin of 7.53% and a return on equity of 13.66%. The business had revenue of $1.17 billion for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GEF.B. Paladin Partners LLC bought a new position in shares of Greif Bros. during the second quarter worth approximately $1,049,000. Great Lakes Advisors LLC acquired a new stake in shares of Greif Bros. during the 2nd quarter worth $1,334,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Greif Bros. in the second quarter worth $86,000. Institutional investors and hedge funds own 5.13% of the company’s stock.

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.