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

Wall Street Zen downgraded shares of Greenland Technologies (NASDAQ:GTEC) from a strong-buy rating to a buy rating in a research note issued to investors 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 MarketBeat.com, Greenland Technologies presently has an average rating of “Sell”.

Greenland Technologies Stock Down 2.1%

Greenland Technologies stock opened at $0.73 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.47. Greenland Technologies has a fifty-two week low of $0.58 and a fifty-two week high of $2.58. The firm has a fifty day moving average price of $0.91 and a two-hundred day moving average price of $1.09. The firm has a market cap of $12.67 million, a price-to-earnings ratio of 0.74 and a beta of 0.06.

Institutional Investors Weigh In On Greenland Technologies

Several hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in Greenland Technologies during the third quarter valued at about $31,000. Centiva Capital LP acquired a new stake in shares of Greenland Technologies during the 3rd quarter worth approximately $29,000. Mariner LLC grew its holdings 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 in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Greenland Technologies during the third quarter valued at approximately $34,000. 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.