Greystone Logistics (OTCMKTS:GLGI) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.19 and traded as low as $0.95. Greystone Logistics shares last traded at $1.01, with a volume of 7,596 shares trading hands.

Greystone Logistics Stock Performance

The stock has a market cap of $28.05 million, a P/E ratio of 14.37 and a beta of 1.37. The firm’s 50-day moving average is $1.03 and its two-hundred day moving average is $1.19. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.42.

Greystone Logistics (OTCMKTS:GLGI) last issued its quarterly earnings data on Tuesday, January 14th. The company reported ($0.01) earnings per share for the quarter. Greystone Logistics had a net margin of 4.23% and a return on equity of 9.78%.

Greystone Logistics Company Profile

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.