Greenland Technologies (NASDAQ:GTEC) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Greenland Technologies (NASDAQ:GTEC) from a strong-buy rating to a buy rating in a research report report published on Monday.

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

Greenland Technologies Trading Down 2.3%

Shares of GTEC stock opened at $0.76 on Monday. Greenland Technologies has a 1 year low of $0.58 and a 1 year high of $2.58. The firm’s fifty day moving average price is $0.88 and its two-hundred day moving average price is $1.04. The firm has a market capitalization of $14.50 million, a P/E ratio of 2.46 and a beta of 0.06.

Greenland Technologies (NASDAQ:GTEC) last posted its quarterly earnings data on Monday, March 23rd. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.22). The business had revenue of $23.90 million for the quarter, compared to analyst estimates of $20.15 million. Greenland Technologies had a return on equity of 7.66% and a net margin of 5.44%. As a group, equities research analysts forecast that Greenland Technologies will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Greenland Technologies

A number of large investors have recently added to or reduced their stakes in GTEC. Mariner LLC lifted its holdings in Greenland Technologies by 97.1% during the 4th quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after purchasing an additional 20,000 shares during the last quarter. Centiva Capital LP bought a new position in shares of Greenland Technologies in the third quarter valued at about $29,000. Citadel Advisors LLC bought a new position in shares of Greenland Technologies in the third quarter valued at about $31,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Greenland Technologies during the 3rd quarter worth about $34,000. Institutional investors own 10.89% of the company’s stock.

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.