Greenland Technologies (NASDAQ:GTEC) Upgraded to Strong-Buy at Wall Street Zen

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

Separately, Weiss Ratings lowered Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Greenland Technologies Stock Down 2.6%

Greenland Technologies stock opened at $0.72 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.47 and a current ratio of 1.93. The stock has a market cap of $12.54 million, a PE ratio of 0.74 and a beta of 0.06. Greenland Technologies has a fifty-two week low of $0.58 and a fifty-two week high of $2.58. The firm’s 50-day simple moving average is $0.92 and its 200 day simple moving average is $1.07.

Hedge Funds Weigh In On Greenland Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in shares of Greenland Technologies during the 3rd quarter valued at $31,000. Centiva Capital LP purchased a new position in Greenland Technologies during the 3rd quarter valued at about $29,000. Mariner LLC boosted its stake in Greenland Technologies by 97.1% during the fourth quarter. Mariner LLC now owns 40,596 shares of the company’s stock worth $25,000 after acquiring an additional 20,000 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Greenland Technologies during the third quarter worth about $34,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

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.