BNP Paribas Financial Markets Makes New Investment in Greenland Technologies Holding Co. (NASDAQ:GTEC)

BNP Paribas Financial Markets acquired a new position in Greenland Technologies Holding Co. (NASDAQ:GTEC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,812 shares of the company’s stock, valued at approximately $60,000. BNP Paribas Financial Markets owned 0.23% of Greenland Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of Greenland Technologies in the 4th quarter valued at approximately $28,000. Walleye Trading LLC acquired a new position in Greenland Technologies during the 4th quarter worth $33,000. Finally, Northern Trust Corp lifted its stake in shares of Greenland Technologies by 103.7% in the 4th quarter. Northern Trust Corp now owns 53,101 shares of the company’s stock valued at $103,000 after purchasing an additional 27,035 shares during the period. 10.89% of the stock is currently owned by institutional investors.

Greenland Technologies Stock Performance

GTEC stock opened at $1.98 on Tuesday. The company has a market cap of $34.44 million, a P/E ratio of -2.08 and a beta of 2.06. Greenland Technologies Holding Co. has a twelve month low of $1.17 and a twelve month high of $2.94. The company has a quick ratio of 1.31, a current ratio of 1.68 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average is $1.83 and its 200-day moving average is $1.91.

Greenland Technologies (NASDAQ:GTEC) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.29 earnings per share for the quarter. Greenland Technologies had a negative return on equity of 23.51% and a negative net margin of 14.16%. Equities research analysts forecast that Greenland Technologies Holding Co. will post 0.49 EPS for the current year.

Insiders Place Their Bets

In other Greenland Technologies news, Director Peter Wang purchased 6,211,740 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average cost of $1.00 per share, for a total transaction of $6,211,740.00. Following the completion of the transaction, the director now owns 6,211,740 shares in the company, valued at approximately $6,211,740. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 47.16% of the company’s stock.

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.