Greystone Logistics (OTCMKTS:GLGI) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.20 and traded as high as $0.2120. Greystone Logistics shares last traded at $0.2010, with a volume of 40,000 shares trading hands.

Greystone Logistics Stock Down 2.7%

The company has a market cap of $5.48 million, a PE ratio of -1.18 and a beta of -0.07. The business has a 50-day simple moving average of $0.20 and a 200-day simple moving average of $0.33.

Greystone Logistics (OTCMKTS:GLGI) last issued its quarterly earnings results on Tuesday, April 14th. The company reported ($0.10) EPS for the quarter. The company had revenue of $3.47 million during the quarter. Greystone Logistics had a negative return on equity of 27.34% and a negative net margin of 11.80%.

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.