LPL Financial LLC Reduces Stock Holdings in Greenland Technologies Holding Co. (NASDAQ:GTEC)

LPL Financial LLC lowered its stake in Greenland Technologies Holding Co. (NASDAQ:GTEC) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 315,900 shares of the company’s stock after selling 43,800 shares during the period. LPL Financial LLC owned 2.32% of Greenland Technologies worth $613,000 at the end of the most recent reporting period.

Greenland Technologies Trading Up 2.1 %

NASDAQ:GTEC opened at $1.45 on Thursday. The company has a 50-day moving average price of $1.55 and a 200-day moving average price of $1.99. The stock has a market cap of $19.71 million, a price-to-earnings ratio of -1.53 and a beta of 1.53. The company has a current ratio of 1.68, a quick ratio of 1.31 and a debt-to-equity ratio of 0.02. Greenland Technologies Holding Co. has a 12 month low of $1.17 and a 12 month high of $2.94.

Greenland Technologies (NASDAQ:GTEC) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.08 by $0.37. Greenland Technologies had a negative net margin of 14.16% and a negative return on equity of 23.51%. The business had revenue of $19.37 million during the quarter, compared to analyst estimates of $19.00 million. During the same period last year, the business posted ($1.20) earnings per share. Equities analysts predict that Greenland Technologies Holding Co. will post 0.49 EPS for the current year.

Greenland Technologies Profile

Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions.