Greif Bros. (NYSE:GEF.B) Stock Price Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• Greif Bros. (NYSE: GEF.B) fell below its 50-day moving average of $85.65, trading as low as $80.38 and last at $82.93 on volume of 19,391 shares.
• On April 28 the company reported quarterly results of EPS $1.10 on $1.07 billion in revenue, with a return on equity of 13.52% and a net margin of 7.27%.
• Key metrics: market capitalization $3.84 billion, P/E 29.62, beta 0.64, 200-day moving average $78.21, debt-to-equity 0.24, current ratio 1.28 and quick ratio 1.00.

Greif Bros. Corporation (NYSE:GEF.B - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $85.65 and traded as low as $80.38. Greif Bros. shares last traded at $82.9260, with a volume of 19,391 shares traded.

Greif Bros. Stock Performance

The firm has a market capitalization of $3.84 billion, a P/E ratio of 29.62 and a beta of 0.64. The firm has a 50-day moving average price of $85.65 and a two-hundred day moving average price of $78.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.00.

Greif Bros. (NYSE:GEF.B - Get Free Report) last released its earnings results on Tuesday, April 28th. The industrial products company reported $1.10 earnings per share for the quarter. Greif Bros. had a return on equity of 13.52% and a net margin of 7.27%.The business had revenue of $1.07 billion during the quarter.

About Greif Bros.

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.

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