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

Greif Bros. Corporation (NYSE:GEF.BGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 49,166 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 48,712 shares.The stock last traded at $108.9790 and had previously closed at $107.74.

Greif Bros. Stock Performance

The company has a market cap of $5.03 billion, a PE ratio of 30.59 and a beta of 0.58. The business’s 50-day moving average is $99.03 and its 200 day moving average is $89.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.29.

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

Institutional Investors Weigh In On Greif Bros.

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Greif Bros. in the 2nd quarter valued at approximately $86,000. Paladin Partners LLC purchased a new stake in Greif Bros. in the second quarter worth $1,049,000. Finally, Great Lakes Advisors LLC purchased a new stake in Greif Bros. in the second quarter worth $1,334,000. 5.13% of the stock is owned by hedge funds and other institutional investors.

About Greif Bros.

(Get Free Report)

Greif, Inc (NYSE: GEF.B) is a global industrial packaging company with roots tracing back to its founding by the Greif brothers in 1877. Over more than a century of operation, the company has evolved from a regional barrel maker into a diversified supplier of industrial packaging products and services. Headquartered in the United States, Greif combines a long heritage of manufacturing expertise with a strategic focus on innovation and sustainability.

The company’s core offerings span a broad range of packaging solutions.

Further Reading

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