Greystone Logistics (OTCMKTS:GLGI) Issues Quarterly Earnings Results

Greystone Logistics (OTCMKTS:GLGI) released its quarterly earnings data on Thursday. The company reported ($0.09) EPS for the quarter, Zacks reports. The firm had revenue of $5.32 million during the quarter. Greystone Logistics had a negative return on equity of 69.42% and a negative net margin of 43.82%.

Greystone Logistics Trading Down 0.7%

Shares of OTCMKTS:GLGI traded down $0.00 during trading on Friday, reaching $0.26. 7,400 shares of the stock were exchanged, compared to its average volume of 3,790. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.28 and a current ratio of 0.46. Greystone Logistics has a 12-month low of $0.14 and a 12-month high of $1.03. The firm has a market cap of $7.04 million, a price-to-earnings ratio of -0.74 and a beta of -0.02. The firm’s 50-day moving average price is $0.24 and its 200 day moving average price is $0.23.

Greystone Logistics Company Profile

Greystone Logistics, Inc is a manufacturer and distributor of reusable plastic pallets and related material-handling products. The company focuses on producing durable pallets for use in supply chains, warehouses, distribution centers, and other industrial applications.

Greystone’s products are made primarily from recycled plastic materials and are designed to provide an alternative to traditional wood pallets. Its offerings include pallets in multiple sizes and configurations, including models intended for shipping, storage, and automated handling systems.

The company is based in Tulsa, Oklahoma, and serves customers in industries such as beverage, food, consumer products, manufacturing, and logistics.