Greystone Logistics (OTCMKTS:GLGI) Announces Quarterly Earnings Results

Greystone Logistics (OTCMKTS:GLGI) issued its quarterly earnings data on Monday. The company reported ($0.08) EPS for the quarter, Zacks reports. Greystone Logistics had a negative return on equity of 27.34% and a negative net margin of 11.80%.The business had revenue of $5.56 million during the quarter.

Greystone Logistics Stock Performance

Shares of OTCMKTS:GLGI opened at $0.26 on Wednesday. Greystone Logistics has a 12 month low of $0.14 and a 12 month high of $1.35. The company has a 50-day moving average price of $0.22 and a 200 day moving average price of $0.24. The company has a market cap of $6.95 million, a price-to-earnings ratio of -0.85 and a beta of -0.04.

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. 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.