Greystone Logistics (OTCMKTS:GLGI) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $0.23 and traded as high as $0.25. Greystone Logistics shares last traded at $0.25, with a volume of 7,500 shares trading hands.

Greystone Logistics Stock Down 0.7%

The stock has a 50 day moving average price of $0.23 and a 200-day moving average price of $0.22. The stock has a market capitalization of $7.04 million, a P/E ratio of -0.86 and a beta of -0.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.46 and a quick ratio of 0.28.

Greystone Logistics (OTCMKTS:GLGI) last released its earnings results on Thursday, October 15th. The company reported ($0.09) earnings per share for the quarter. Greystone Logistics had a negative net margin of 29.91% and a negative return on equity of 54.40%. The company had revenue of $5.32 million during the quarter.

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.