Greenland Technologies (NASDAQ:GTEC – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08, FiscalAI reports. Greenland Technologies had a net margin of 12.32% and a return on equity of 17.02%. The firm had revenue of $24.86 million for the quarter, compared to analysts’ expectations of $24.60 million.
Greenland Technologies Price Performance
Shares of Greenland Technologies stock traded down $0.01 during trading on Thursday, hitting $0.49. 1,101,337 shares of the company’s stock traded hands, compared to its average volume of 338,681. Greenland Technologies has a 1 year low of $0.42 and a 1 year high of $1.61. The stock has a market capitalization of $10.10 million, a P/E ratio of 0.85 and a beta of 0.28. The business has a 50-day simple moving average of $0.80 and a 200-day simple moving average of $0.72.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Greenland Technologies to a “buy” rating in a report on Saturday, November 7th. Weiss Ratings cut Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Greenland Technologies currently has a consensus rating of “Sell”.
Greenland Technologies Company Profile
Greenland Technologies Holding Corporation (NASDAQ:GTEC) develops and manufactures electric industrial vehicles and drivetrain systems for material-handling and other heavy-equipment applications. The company’s products are designed for use in settings such as warehouses, distribution facilities, construction sites, industrial operations and other commercial environments. Through its HEVI brand, Greenland Technologies offers electric vehicles and equipment, including electric forklifts, loaders, excavators and other utility vehicles.
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