Greenland Technologies (NASDAQ:GTEC) Posts Earnings Results, Beats Estimates By $0.04 EPS

Greenland Technologies (NASDAQ:GTEC) announced its quarterly earnings results on Friday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04, Zacks reports. Greenland Technologies had a return on equity of 8.54% and a net margin of 6.27%.

Greenland Technologies Stock Performance

Greenland Technologies stock traded down $0.01 during mid-day trading on Friday, reaching $0.71. 805,676 shares of the company were exchanged, compared to its average volume of 940,396. The firm has a market cap of $14.58 million, a P/E ratio of 2.84 and a beta of 0.15. The business has a fifty day moving average of $0.57 and a 200 day moving average of $0.67. Greenland Technologies has a 12-month low of $0.47 and a 12-month high of $1.61.

Hedge Funds Weigh In On Greenland Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in shares of Greenland Technologies during the 3rd quarter worth approximately $31,000. Centiva Capital LP acquired a new stake in Greenland Technologies in the third quarter valued at approximately $29,000. Finally, Mariner LLC grew its holdings in Greenland Technologies by 97.1% in the fourth 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 last quarter. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Greenland Technologies in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenland Technologies presently has a consensus rating of “Sell”.

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.