Greif (NYSE:GEF.B) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Greif, Inc. (NYSE:GEF.B - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $57.61 and traded as high as $60.42. Greif shares last traded at $59.55, with a volume of 6,477 shares trading hands.

Greif Stock Down 1.3%

The company's 50 day simple moving average is $57.73 and its 200-day simple moving average is $63.80. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53. The firm has a market capitalization of $2.82 billion, a PE ratio of 11.68 and a beta of 0.78.

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

Greif Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a dividend of $0.81 per share. This is a boost from Greif's previous quarterly dividend of $0.80. This represents a $3.24 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date was Monday, March 17th. Greif's dividend payout ratio (DPR) is presently 90.76%.

Greif Company Profile

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.