Greif Bros. (NYSE:GEF.B) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Greif Bros. Corporation (NYSE:GEF.B)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $64.19 and traded as low as $62.07. Greif Bros. shares last traded at $62.94, with a volume of 8,263 shares traded.

Greif Bros. Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.41 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $64.19 and a 200 day moving average of $63.80. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 19.55 and a beta of 0.87.

Greif Bros. (NYSE:GEF.B) last released its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 EPS for the quarter. Greif Bros. had a return on equity of 10.09% and a net margin of 3.52%.The business had revenue of $1.13 billion for the quarter.

Greif Bros. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.84 per share. The ex-dividend date was Tuesday, September 16th. This is an increase from Greif Bros.’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a yield of 5.3%. Greif Bros.’s payout ratio is currently 92.82%.

Greif Bros. Company Profile

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.