Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume – Still a Buy?

Greif Bros. Corporation (NYSE:GEF.B) shares saw an uptick in trading volume on Tuesday . 39,492 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 30,822 shares.The stock last traded at $88.0050 and had previously closed at $85.64.

Greif Bros. Trading Up 1.7%

The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 40.88 and a beta of 0.62. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $83.53 and its 200 day simple moving average is $81.97.

Greif Bros. (NYSE:GEF.B) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $1.10 EPS for the quarter. The business had revenue of $1.07 billion during the quarter. Greif Bros. had a net margin of 7.27% and a return on equity of 13.52%.

Greif Bros. Company Profile

Greif, Inc (NYSE: GEF.B) is a global industrial packaging company with roots tracing back to its founding by the Greif brothers in 1877. Over more than a century of operation, the company has evolved from a regional barrel maker into a diversified supplier of industrial packaging products and services. Headquartered in the United States, Greif combines a long heritage of manufacturing expertise with a strategic focus on innovation and sustainability.

The company’s core offerings span a broad range of packaging solutions.