Greystone Logistics (OTCMKTS:GLGI) Issues Earnings Results

Greystone Logistics (OTCMKTS:GLGI) released its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, Zacks reports. Greystone Logistics had a negative return on equity of 54.40% and a negative net margin of 29.91%.

Greystone Logistics Trading Up 4.0%

Shares of GLGI traded up $0.01 during mid-day trading on Thursday, reaching $0.26. The company’s stock had a trading volume of 5,000 shares, compared to its average volume of 52,928. Greystone Logistics has a 52 week low of $0.14 and a 52 week high of $1.08. The stock has a market cap of $7.09 million, a PE ratio of -0.87 and a beta of -0.02. The company has a current ratio of 0.46, a quick ratio of 0.28 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average price is $0.23 and its two-hundred day moving average price is $0.23.

About Greystone Logistics

Greystone Logistics, Inc is a manufacturer and distributor of reusable plastic pallets and related material-handling products. The company focuses on producing durable pallets for use in supply chains, warehouses, distribution centers, and other industrial applications.

Greystone’s products are made primarily from recycled plastic materials and are designed to provide an alternative to traditional wood pallets. Its offerings include pallets in multiple sizes and configurations, including models intended for shipping, storage, and automated handling systems.

The company is based in Tulsa, Oklahoma, and serves customers in industries such as beverage, food, consumer products, manufacturing, and logistics.