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

Wall Street Zen lowered shares of Greenland Technologies (NASDAQ:GTEC) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

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

Greenland Technologies Stock Up 0.2%

GTEC stock opened at $0.73 on Friday. The company’s 50 day moving average price is $0.91 and its 200 day moving average price is $1.09. The firm has a market capitalization of $12.70 million, a price-to-earnings ratio of 0.75 and a beta of 0.06. Greenland Technologies has a fifty-two week low of $0.58 and a fifty-two week high of $2.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.47 and a current ratio of 1.93.

Hedge Funds Weigh In On Greenland Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mariner LLC increased its stake in Greenland Technologies by 97.1% in 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 during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Greenland Technologies during the 3rd quarter worth approximately $31,000. Centiva Capital LP purchased a new stake in shares of Greenland Technologies during the 3rd quarter worth approximately $29,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Greenland Technologies in the 3rd quarter valued at $34,000. 10.89% of the stock is owned by institutional investors and hedge funds.

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.