Greenland Technologies (GTEC) Scheduled to Post Earnings on Monday

Greenland Technologies (NASDAQ:GTEC) is scheduled to announce its earnings results before the market opens on Monday, November 20th. Investors that are interested in registering for the company’s conference call can do so using this link.

Greenland Technologies (NASDAQ:GTEC) last released its earnings results on Monday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $23.57 million during the quarter, compared to analyst estimates of $22.00 million. Greenland Technologies had a return on equity of 4.84% and a net margin of 4.77%. On average, analysts expect Greenland Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Greenland Technologies Stock Up 2.8 %

GTEC opened at $3.34 on Friday. The stock has a fifty day moving average of $3.03 and a 200-day moving average of $2.24. The firm has a market capitalization of $43.35 million, a P/E ratio of 10.77 and a beta of 1.36. Greenland Technologies has a 12-month low of $1.13 and a 12-month high of $5.25.

Institutional Trading of Greenland Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Walleye Capital LLC purchased a new stake in shares of Greenland Technologies during the second quarter worth $39,000. Millennium Management LLC purchased a new stake in shares of Greenland Technologies during the second quarter worth $110,000. Wells Fargo & Company MN raised its holdings in shares of Greenland Technologies by 6.7% during the fourth quarter. Wells Fargo & Company MN now owns 154,580 shares of the company’s stock worth $337,000 after acquiring an additional 9,746 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Greenland Technologies during the third quarter worth $1,223,000. 2.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Aegis restated a “buy” rating on shares of Greenland Technologies in a report on Tuesday, September 12th.

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.