Greenland Technologies (NASDAQ:GTEC) Stock Rating Lowered by Wall Street Zen

Greenland Technologies (NASDAQ:GTEC) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

Separately, Weiss Ratings cut Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Greenland Technologies Stock Up 8.7%

Shares of NASDAQ GTEC opened at $0.78 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. Greenland Technologies has a 12-month low of $0.58 and a 12-month high of $2.58. The firm’s 50-day moving average price is $0.89 and its 200-day moving average price is $1.04. The stock has a market capitalization of $13.56 million, a price-to-earnings ratio of 2.52 and a beta of 0.06.

Greenland Technologies (NASDAQ:GTEC) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.22). Greenland Technologies had a return on equity of 7.74% and a net margin of 5.44%.The company had revenue of $23.90 million during the quarter, compared to analysts’ expectations of $20.15 million. On average, equities research analysts anticipate that Greenland Technologies will post 0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Greenland Technologies

Several hedge funds have recently added to or reduced their stakes in GTEC. Mariner LLC raised its position in Greenland Technologies by 97.1% in the 4th quarter. Mariner LLC now owns 40,596 shares of the company’s stock worth $25,000 after purchasing an additional 20,000 shares during the period. Centiva Capital LP purchased a new position in shares of Greenland Technologies during the third quarter valued at approximately $29,000. Citadel Advisors LLC bought a new position in shares of Greenland Technologies during the third quarter valued at approximately $31,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Greenland Technologies in the third quarter worth approximately $34,000. 10.89% of the stock is currently owned by institutional investors.

Greenland Technologies Company Profile

Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a China-based designer and manufacturer of clean energy solutions specializing in biomass resource utilization. The company develops and produces pellet fuel production lines, biomass boilers, pellet stoves and turnkey systems for sustainable heat and power generation. Its product portfolio also includes industrial‐scale pelletizers, dryers, combustion equipment and control systems optimized for agricultural and forestry residues.

Beyond equipment supply, Greenland Technologies provides engineering, procurement and construction (EPC) services, along with installation, commissioning and maintenance support for biomass energy facilities.