Greystone Logistics (OTCMKTS:GLGI) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $0.23 and traded as high as $0.25. Greystone Logistics shares last traded at $0.2450, with a volume of 27,000 shares traded.

Greystone Logistics Price Performance

The business’s 50 day moving average is $0.23 and its 200-day moving average is $0.23. The firm has a market capitalization of $6.68 million, a P/E ratio of -0.82 and a beta of -0.02. The company has a quick ratio of 0.28, a current ratio of 0.46 and a debt-to-equity ratio of 0.14.

Greystone Logistics (OTCMKTS:GLGI) last released its earnings results on Monday, August 31st. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $5.56 million for the quarter. Greystone Logistics had a negative return on equity of 54.40% and a negative net margin of 29.91%.

Greystone Logistics Company Profile

Greystone Logistics, Inc is a U.S.-based manufacturer and distributor of reusable plastic pallets and related material-handling products. The company’s pallets are designed for applications such as transporting, storing and distributing goods, and are manufactured primarily from recycled and recyclable plastics.

Greystone serves customers across a range of industries, including beverage, food and consumer products, automotive, logistics and general manufacturing. Its products are used in supply-chain and warehouse operations where durable, reusable pallets can support standardized handling and distribution requirements.

The company is headquartered in Tulsa, Oklahoma, and has operated in the plastic-pallet industry for several decades.