Greystone Logistics (OTCMKTS:GLGI) Releases Earnings Results

Greystone Logistics (OTCMKTS:GLGI) issued its quarterly earnings results on Monday. The company reported ($0.08) earnings per share for the quarter, Zacks reports. Greystone Logistics had a negative net margin of 11.80% and a negative return on equity of 27.34%.

Greystone Logistics Price Performance

Shares of OTCMKTS:GLGI traded up $0.00 during mid-day trading on Monday, reaching $0.26. 4,020 shares of the company traded hands, compared to its average volume of 58,753. The firm has a market cap of $6.95 million, a PE ratio of -1.50 and a beta of -0.09. The company’s 50 day moving average price is $0.22 and its 200-day moving average price is $0.24. Greystone Logistics has a 52 week low of $0.14 and a 52 week high of $1.35.

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.