Greenland Technologies (NASDAQ:GTEC) Upgraded to “Strong-Buy” at Wall Street Zen

Greenland Technologies (NASDAQ:GTEC) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Greenland Technologies in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenland Technologies currently has an average rating of “Sell”.

Greenland Technologies Stock Performance

NASDAQ:GTEC opened at $0.99 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.47. The firm has a market cap of $17.17 million, a PE ratio of 1.01 and a beta of 0.09. The firm has a 50 day simple moving average of $0.99 and a 200-day simple moving average of $1.32. Greenland Technologies has a 1-year low of $0.58 and a 1-year high of $2.92.

Greenland Technologies (NASDAQ:GTEC) last released its earnings results on Friday, November 7th. The company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Greenland Technologies had a net margin of 16.38% and a return on equity of 20.63%. The firm had revenue of $23.40 million during the quarter, compared to analysts’ expectations of $23.40 million. On average, equities analysts expect that Greenland Technologies will post 0.49 EPS for the current year.

Institutional Trading of Greenland Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in GTEC. Centiva Capital LP purchased a new position in shares of Greenland Technologies in the 3rd quarter worth $29,000. Citadel Advisors LLC acquired a new stake in Greenland Technologies during the third quarter worth about $31,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Greenland Technologies in the 3rd quarter worth about $34,000. 10.89% of the stock is currently owned by institutional investors and hedge funds.

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.