Greenland Technologies (NASDAQ:GTEC) Issues Quarterly Earnings Results

Greenland Technologies (NASDAQ:GTEC) issued its quarterly earnings data on Monday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.22), Zacks reports. Greenland Technologies had a return on equity of 20.63% and a net margin of 16.38%.

Greenland Technologies Stock Performance

NASDAQ:GTEC opened at $0.76 on Tuesday. The firm has a market cap of $13.13 million, a price-to-earnings ratio of 0.77 and a beta of 0.06. Greenland Technologies has a twelve month low of $0.58 and a twelve month high of $2.58. The company has a 50-day moving average of $0.89 and a 200-day moving average of $1.04. The company has a current ratio of 1.93, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GTEC. Mariner LLC increased 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 buying an additional 20,000 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Greenland Technologies during the 3rd quarter worth approximately $29,000. Finally, Citadel Advisors LLC acquired a new stake in Greenland Technologies during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

GTEC has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 10th. Wall Street Zen cut Greenland Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenland Technologies currently has a consensus rating of “Sell”.

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.