Greenland Technologies (NASDAQ:GTEC) Cut to “Buy” at Wall Street Zen

Greenland Technologies (NASDAQ:GTEC) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

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

Greenland Technologies Stock Performance

NASDAQ GTEC opened at $0.73 on Friday. The company has a market capitalization of $12.67 million, a price-to-earnings ratio of 0.74 and a beta of 0.06. The company has a quick ratio of 1.47, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. Greenland Technologies has a twelve month low of $0.58 and a twelve month high of $2.58. The stock has a fifty day simple moving average of $0.91 and a 200 day simple moving average of $1.09.

Institutional Trading of Greenland Technologies

Several hedge funds have recently bought and sold shares of GTEC. Mariner LLC increased its stake in Greenland Technologies by 97.1% during the 4th quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after purchasing an additional 20,000 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Greenland Technologies during the third quarter valued at about $29,000. Citadel Advisors LLC acquired a new position in shares of Greenland Technologies during the third quarter valued at about $31,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Greenland Technologies during the third quarter worth about $34,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

Greenland Technologies Company Profile

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.