Greystone Logistics (OTCMKTS:GLGI) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Greystone Logistics, Inc. (OTCMKTS:GLGI) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.32 and traded as low as $0.2141. Greystone Logistics shares last traded at $0.2208, with a volume of 12,500 shares trading hands.

Greystone Logistics Stock Performance

The firm has a market capitalization of $6.02 million, a P/E ratio of -1.30 and a beta of -0.08. The business has a fifty day moving average of $0.20 and a 200-day moving average of $0.32.

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

About Greystone Logistics

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.