Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume – Here’s Why

Greif Bros. Corporation (NYSE:GEF.B) shares saw unusually-high trading volume on Thursday . Approximately 74,707 shares traded hands during mid-day trading, an increase of 49% from the previous session’s volume of 50,171 shares.The stock last traded at $106.7590 and had previously closed at $107.04.

Greif Bros. Stock Down 0.8%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29. The firm has a 50 day simple moving average of $103.02 and a two-hundred day simple moving average of $91.17. The stock has a market cap of $4.90 billion, a P/E ratio of 29.83 and a beta of 0.57.

Greif Bros. (NYSE:GEF.B) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter. The company had revenue of $1.17 billion during the quarter. Greif Bros. had a return on equity of 13.66% and a net margin of 7.53%.

Institutional Trading of Greif Bros.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Paladin Partners LLC bought a new stake in shares of Greif Bros. during the 2nd quarter worth about $1,049,000. Great Lakes Advisors LLC bought a new position in shares of Greif Bros. in the second quarter valued at approximately $1,334,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Greif Bros. during the second quarter valued at approximately $86,000. 5.13% of the stock is currently owned by institutional investors.

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.