Wall Street Zen Downgrades Greenland Technologies (NASDAQ:GTEC) to Hold

Greenland Technologies (NASDAQ:GTEC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Tuesday.

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

Greenland Technologies Price Performance

Shares of GTEC stock opened at $0.73 on Tuesday. The company has a market capitalization of $13.90 million, a P/E ratio of 2.36 and a beta of 0.03. The company’s 50-day simple moving average is $0.81 and its two-hundred day simple moving average is $1.01. Greenland Technologies has a one year low of $0.58 and a one year high of $2.47.

Greenland Technologies (NASDAQ:GTEC) last posted its quarterly earnings results on Monday, March 23rd. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.22). The company had revenue of $23.90 million for the quarter, compared to the consensus estimate of $20.15 million. Greenland Technologies had a net margin of 5.44% and a return on equity of 7.66%. On average, research analysts expect that Greenland Technologies will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.