Greenland Technologies (NASDAQ:GTEC) Announces Earnings Results

Greenland Technologies (NASDAQ:GTEC) issued its earnings results on Friday. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04, Zacks reports. Greenland Technologies had a net margin of 6.27% and a return on equity of 8.54%.

Greenland Technologies Stock Down 1.4%

Shares of GTEC traded down $0.01 on Friday, reaching $0.71. The stock had a trading volume of 805,676 shares, compared to its average volume of 940,396. Greenland Technologies has a twelve month low of $0.47 and a twelve month high of $1.61. The firm has a market capitalization of $14.58 million, a PE ratio of 2.84 and a beta of 0.15. The firm has a 50-day moving average of $0.57 and a 200 day moving average of $0.67.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Greenland Technologies in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Greenland Technologies

Several large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of Greenland Technologies in the 3rd quarter worth about $31,000. Centiva Capital LP acquired a new position in Greenland Technologies during the third quarter worth about $29,000. Finally, Mariner LLC raised its position in Greenland Technologies by 97.1% during the fourth quarter. Mariner LLC now owns 40,596 shares of the company’s stock worth $25,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

About Greenland Technologies

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.