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

Greenland Technologies (NASDAQ:GTEC) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Greenland Technologies in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Greenland Technologies currently has a consensus rating of “Sell”.

Greenland Technologies Stock Down 6.8%

GTEC stock opened at $0.99 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $0.99 and its 200 day moving average price is $1.32. Greenland Technologies has a 52 week low of $0.58 and a 52 week high of $2.92. The company has a market cap of $17.17 million, a P/E ratio of 1.01 and a beta of 0.09.

Greenland Technologies (NASDAQ:GTEC) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $23.40 million during the quarter, compared to the consensus estimate of $23.40 million. Greenland Technologies had a net margin of 16.38% and a return on equity of 20.63%. On average, research analysts expect that Greenland Technologies will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Centiva Capital LP acquired a new stake in Greenland Technologies during the 3rd quarter valued at $29,000. Citadel Advisors LLC purchased a new stake in shares of Greenland Technologies in the third quarter valued at $31,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Greenland Technologies during the third quarter valued at $34,000. 10.89% of the stock is currently owned by institutional investors and hedge funds.

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.