Greif Bros. (NYSE:GEF.B) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Greif Bros. Corporation (NYSE:GEF.B – Get Free Report) saw strong trading volume on Thursday . 74,707 shares changed hands during trading, an increase of 49% from the previous session’s volume of 50,171 shares.The stock last traded at $106.7590 and had previously closed at $107.04.

Greif Bros. Trading Down 1.5%

The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $4.86 billion, a PE ratio of 29.56 and a beta of 0.57. The stock has a 50 day moving average price of $103.57 and a 200-day moving average price of $91.39.

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Greif Bros. (NYSE:GEF.B – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $2.46 EPS for the quarter. Greif Bros. had a return on equity of 13.66% and a net margin of 7.53%.The company had revenue of $1.17 billion during the quarter.

Institutional Investors Weigh In On Greif Bros.

A number of large investors have recently made changes to their positions in the company. Great Lakes Advisors LLC bought a new position in shares of Greif Bros. in the 2nd quarter worth approximately $1,334,000. Paladin Partners LLC purchased a new position in shares of Greif Bros. in the second quarter worth approximately $1,049,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Greif Bros. during the second quarter valued at approximately $86,000. 5.13% of the stock is currently owned by institutional investors.

Greif Bros. Company Profile

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Greif, Inc, formerly known as Greif Bros. Corporation, is a global manufacturer of industrial packaging products and paper-based packaging solutions. The company serves manufacturers and other businesses that require packaging for transporting, protecting and storing goods.

Its products include rigid industrial containers such as steel, fiber and plastic drums, intermediate bulk containers and related closures. Greif also provides flexible intermediate bulk containers, containerboard, corrugated sheets and products, paperboard tubes and cores, protective packaging, and packaging services.

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