Greenland Technologies (NASDAQ:GTEC) Downgraded to “Buy” Rating by Wall Street Zen

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

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

Greenland Technologies Price Performance

Shares of NASDAQ GTEC opened at $0.71 on Monday. Greenland Technologies has a 52 week low of $0.58 and a 52 week high of $2.58. The business’s 50 day moving average price is $0.90 and its 200 day moving average price is $1.05. The company has a quick ratio of 1.47, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. The firm has a market cap of $12.38 million, a P/E ratio of 0.73 and a beta of 0.06.

Institutional Investors Weigh In On Greenland Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Centiva Capital LP purchased a new stake in shares of Greenland Technologies during the 3rd quarter worth about $29,000. Citadel Advisors LLC purchased a new stake in shares of Greenland Technologies during the third quarter worth about $31,000. GSA Capital Partners LLP purchased a new stake in shares of Greenland Technologies during the third quarter worth about $34,000. Finally, Mariner LLC raised its position in shares of Greenland Technologies by 97.1% during the 4th quarter. Mariner LLC now owns 40,596 shares of the company’s stock worth $25,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors and hedge funds 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.