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

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.16 and traded as low as $0.99. Greystone Logistics shares last traded at $1.03, with a volume of 1,715 shares traded.

Greystone Logistics Price Performance

The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average price is $1.03 and its 200 day moving average price is $1.16. The company has a market capitalization of $28.81 million, a P/E ratio of 14.76 and a beta of 1.35.

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

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.