Greenland Technologies (NASDAQ:GTEC) Releases Earnings Results

Greenland Technologies (NASDAQ:GTEC) released its quarterly earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $25.54 million for the quarter. Greenland Technologies had a return on equity of 7.66% and a net margin of 5.44%.

Greenland Technologies Trading Down 2.3%

NASDAQ GTEC traded down $0.01 on Wednesday, hitting $0.55. 119,855 shares of the company traded hands, compared to its average volume of 105,745. The company has a market capitalization of $10.41 million, a price-to-earnings ratio of 1.77 and a beta of 0.12. The business’s 50 day moving average price is $0.70 and its 200-day moving average price is $0.89. Greenland Technologies has a 52-week low of $0.47 and a 52-week high of $2.47.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings downgraded Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 10th. Wall Street Zen downgraded Greenland Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Greenland Technologies has an average rating of “Sell”.

Hedge Funds Weigh In On Greenland Technologies

Large investors have recently made changes to their positions in the business. Centiva Capital LP purchased a new position in shares of Greenland Technologies in the third quarter valued at about $29,000. Citadel Advisors LLC purchased a new position in shares of Greenland Technologies in the third quarter valued at about $31,000. Mariner LLC lifted its position in shares of 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 acquiring an additional 20,000 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Greenland Technologies in the third quarter valued at about $34,000. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

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.