Greenland Technologies (NASDAQ:GTEC – Get Free Report) announced its earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08, FiscalAI reports. Greenland Technologies had a net margin of 12.32% and a return on equity of 17.02%. The business had revenue of $24.86 million during the quarter, compared to the consensus estimate of $24.60 million.
Greenland Technologies Stock Performance
Shares of GTEC traded down $0.01 during trading hours on Thursday, hitting $0.49. The company had a trading volume of 1,101,337 shares, compared to its average volume of 338,681. The firm has a fifty day moving average price of $0.80 and a 200-day moving average price of $0.72. The stock has a market capitalization of $10.10 million, a price-to-earnings ratio of 0.85 and a beta of 0.28. Greenland Technologies has a 52-week low of $0.42 and a 52-week high of $1.61.
Wall Street Analyst Weigh In
A number of analysts have recently commented on GTEC shares. Weiss Ratings cut Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. Wall Street Zen upgraded Greenland Technologies to a “buy” rating in a research note on Saturday, November 7th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Greenland Technologies presently has a consensus rating of “Sell”.
Check Out Our Latest Report on GTEC
Greenland Technologies Company Profile
Greenland Technologies Holding Corporation (NASDAQ:GTEC) develops and manufactures electric industrial vehicles and drivetrain systems for material-handling and other heavy-equipment applications. The company’s products are designed for use in settings such as warehouses, distribution facilities, construction sites, industrial operations and other commercial environments. Through its HEVI brand, Greenland Technologies offers electric vehicles and equipment, including electric forklifts, loaders, excavators and other utility vehicles.
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