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Greif (NYSE:GEF.B) Sees Large Volume Increase - Here's What Happened

Greif logo with Industrials background

Shares of Greif, Inc. (NYSE:GEF.B - Get Free Report) saw strong trading volume on Tuesday . 8,913 shares were traded during mid-day trading, a decline of 17% from the previous session's volume of 10,721 shares.The stock last traded at $58.54 and had previously closed at $58.96.

Greif Stock Performance

The company has a 50-day moving average of $57.90 and a 200-day moving average of $63.21. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 11.80 and a beta of 0.78. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26.

Greif (NYSE:GEF.B - Get Free Report) last issued its earnings results on Wednesday, February 26th. The industrial products company reported $0.58 earnings per share for the quarter. Greif had a net margin of 4.81% and a return on equity of 11.84%. The company had revenue of $1.27 billion for the quarter.

About Greif

(Get Free Report)

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.

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