Greenland Technologies (NASDAQ:GTEC) Releases Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Greenland Technologies (NASDAQ:GTEC) released its quarterly earnings data on Monday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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

Shares of GTEC stock opened at $0.76 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. Greenland Technologies has a 52 week low of $0.58 and a 52 week high of $2.58. The firm has a market capitalization of $13.13 million, a price-to-earnings ratio of 0.77 and a beta of 0.06. The stock has a fifty day moving average of $0.89 and a 200 day moving average of $1.04.

Hedge Funds Weigh In On Greenland Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Mariner LLC lifted its holdings 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 purchasing an additional 20,000 shares in the last quarter. Centiva Capital LP bought a new position in Greenland Technologies during the third quarter valued at approximately $29,000. Finally, Citadel Advisors LLC bought a new position in Greenland Technologies during the third quarter valued at approximately $31,000. Institutional investors own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GTEC. 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 downgraded Greenland Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.