Greenland Technologies Holding Co. to Post FY2023 Earnings of $0.25 Per Share, Litchfield Hills Research Forecasts (NASDAQ:GTEC)

Greenland Technologies Holding Co. (NASDAQ:GTEC) – Litchfield Hills Research boosted their FY2023 earnings estimates for shares of Greenland Technologies in a research report issued on Monday, August 28th. Litchfield Hills Research analyst T. O’neill now expects that the company will post earnings per share of $0.25 for the year, up from their previous forecast of $0.07. The consensus estimate for Greenland Technologies’ current full-year earnings is $0.07 per share.

Greenland Technologies Stock Performance

Shares of GTEC stock opened at $2.82 on Wednesday. Greenland Technologies has a one year low of $1.13 and a one year high of $3.67. The company’s 50-day moving average is $1.69 and its 200 day moving average is $1.71. The company has a market capitalization of $36.60 million, a price-to-earnings ratio of 9.10 and a beta of 1.46.

Institutional Trading of Greenland Technologies

Institutional investors have recently bought and sold shares of the company. Millennium Management LLC purchased a new stake in shares of Greenland Technologies during the 2nd quarter valued at about $110,000. Wells Fargo & Company MN boosted its holdings in shares of Greenland Technologies by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 154,580 shares of the company’s stock valued at $337,000 after acquiring an additional 9,746 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Greenland Technologies during the 2nd quarter valued at about $39,000. 2.75% of the stock is owned by hedge funds and other institutional investors.

Greenland Technologies Company Profile

Greenland Technologies Holding Corporation develops, manufactures, and sells transmission products for material handling machineries in the People's Republic of China. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports.