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

Greenland Technologies (NASDAQ:GTEC) was upgraded by investment 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 cut shares of Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Greenland Technologies Stock Down 2.6%

GTEC stock opened at $0.72 on Friday. Greenland Technologies has a twelve month low of $0.58 and a twelve month high of $2.58. The company has a quick ratio of 1.47, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. The firm has a market cap of $12.54 million, a PE ratio of 0.74 and a beta of 0.06. The business has a 50 day moving average of $0.92 and a 200 day moving average of $1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GTEC. Mariner LLC grew its position in shares of Greenland Technologies by 97.1% during the 4th quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after acquiring an additional 20,000 shares during the period. Centiva Capital LP bought a new position in Greenland Technologies in the 3rd quarter worth $29,000. Citadel Advisors LLC purchased a new position in Greenland Technologies during the third quarter valued at $31,000. Finally, GSA Capital Partners LLP purchased a new position in Greenland Technologies during the third quarter valued at $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.