Greenland Technologies (NASDAQ:GTEC) Posts Earnings Results, Misses Estimates By $0.22 EPS

Greenland Technologies (NASDAQ:GTEC) announced its earnings results on Monday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.22), Zacks reports. The firm had revenue of $23.90 million for the quarter, compared to the consensus estimate of $20.15 million. Greenland Technologies had a return on equity of 7.74% and a net margin of 5.44%.

Greenland Technologies Stock Up 8.7%

NASDAQ GTEC opened at $0.78 on Wednesday. Greenland Technologies has a 12 month low of $0.58 and a 12 month high of $2.58. The company has a market capitalization of $13.56 million, a P/E ratio of 2.52 and a beta of 0.06. The company’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.47.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in shares of Greenland Technologies during the 3rd quarter valued at $31,000. Centiva Capital LP acquired a new position in shares of Greenland Technologies in the 3rd quarter worth $29,000. Finally, Mariner LLC raised its position in shares of 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 purchasing an additional 20,000 shares during the period. Institutional investors and hedge funds own 10.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings lowered Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 10th. Wall Street Zen lowered Greenland Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Greenland Technologies presently has an average rating of “Sell”.

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.