Greystone Logistics (OTCMKTS:GLGI) Releases Earnings Results

Greystone Logistics (OTCMKTS:GLGI) posted its earnings results on Monday. The company reported $0.01 earnings per share for the quarter, reports. Greystone Logistics had a return on equity of 21.61% and a net margin of 7.15%. The company had revenue of $13.98 million for the quarter.

Greystone Logistics Stock Down 4.4 %

GLGI stock opened at $1.29 on Wednesday. Greystone Logistics has a fifty-two week low of $0.65 and a fifty-two week high of $2.35. The business’s 50-day moving average is $1.33 and its two-hundred day moving average is $1.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.27 and a current ratio of 2.09. The company has a market cap of $36.48 million, a price-to-earnings ratio of 9.64 and a beta of 1.22.

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.