Greystone Logistics (OTCMKTS:GLGI) Shares Pass Above Fifty Day Moving Average – What’s Next?

Greystone Logistics, Inc. (OTCMKTS:GLGI) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.20 and traded as high as $0.2120. Greystone Logistics shares last traded at $0.2010, with a volume of 40,000 shares changing hands.

Greystone Logistics Stock Performance

The stock has a market capitalization of $6.23 million, a P/E ratio of -1.34 and a beta of -0.08. The business has a fifty day simple moving average of $0.20 and a 200-day simple moving average of $0.33.

Greystone Logistics (OTCMKTS:GLGI) last released its earnings results on Tuesday, April 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $3.47 million for the quarter. Greystone Logistics had a negative net margin of 11.80% and a negative return on equity of 27.34%.

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. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc in March 2005. Greystone Logistics, Inc was incorporated in 1969 and is based in Tulsa, Oklahoma.