Greystone Logistics Inc (OTCMKTS:GLGI) Director Sells $69,300.00 in Stock

Greystone Logistics Inc (OTCMKTS:GLGI) Director Larry J. Lebarre sold 77,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $0.90, for a total value of $69,300.00.

Shares of GLGI opened at $1.04 on Friday. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.43 and a current ratio of 0.66. The stock has a 50-day moving average of $0.83 and a 200-day moving average of $0.64. Greystone Logistics Inc has a one year low of $0.30 and a one year high of $1.04.

Separately, ValuEngine downgraded Greystone Logistics from a “hold” rating to a “sell” rating in a research note on Saturday.

About Greystone Logistics

Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resin. It offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. The company also offers tolling services. It sells its pallets directly, as well as through a network of independent contractor distributors.

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