Greif Bros. Corporation (NYSE:GEF.B – Get Free Report) shares saw strong trading volume on Monday. Approximately 90,709 shares traded hands during mid-day trading, an increase of 54% from the average daily volume of 58,810 shares. The stock last traded at $114.61 and had previously closed at $115.11.
Greif Bros. Trading Down 0.7%
The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 32.11 and a beta of 0.62. 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 business’s 50 day moving average price is $109.09 and its two-hundred day moving average price is $93.80.
Hedge Funds Weigh In On Greif Bros.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Greif Bros. during the second quarter worth about $86,000. Paladin Partners LLC purchased a new position in shares of Greif Bros. during the 2nd quarter valued at $1,049,000. Finally, Great Lakes Advisors LLC bought a new stake in Greif Bros. during the second quarter valued at approximately $1,334,000. Institutional investors own 5.13% of the company’s stock.
Greif Bros. Company Profile
Greif, Inc, formerly known as Greif Bros. Corporation, is a global producer of industrial and paper-based packaging. Founded in 1877 as a cooperage business, the company has expanded from manufacturing wooden barrels into a diversified packaging organization serving customers in a range of industries.
Greif’s products include steel, fiber and plastic drums; intermediate bulk containers; containerboard and corrugated products; paper sacks; and other specialty and protective packaging. The company also provides packaging-related services, including container reconditioning, recycling and logistics support.
Further Reading
- Five stocks we like better than Greif Bros.
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
- 3 Waste Services Stocks With More Growth Than You Might Expect
Receive News & Ratings for Greif Bros. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif Bros. and related companies with MarketBeat.com's FREE daily email newsletter.
