Greenland Technologies (NASDAQ:GTEC) Rating Increased to Strong-Buy at Wall Street Zen

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

Separately, Weiss Ratings cut 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 MarketBeat, Greenland Technologies currently has a consensus rating of “Sell”.

Greenland Technologies Stock Performance

Greenland Technologies stock opened at $0.72 on Friday. The firm has a market capitalization of $12.54 million, a P/E ratio of 0.74 and a beta of 0.06. The company’s 50-day moving average is $0.92 and its 200 day moving average is $1.07. Greenland Technologies has a 1-year low of $0.58 and a 1-year high of $2.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.47.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in Greenland Technologies during the third quarter valued at approximately $34,000. Centiva Capital LP purchased a new position in Greenland Technologies in the third quarter valued at about $29,000. Citadel Advisors LLC bought a new position in Greenland Technologies in the third quarter worth about $31,000. Finally, Mariner LLC lifted its position in shares of Greenland Technologies by 97.1% during the fourth quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other 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.