Greenland Technologies (NASDAQ:GTEC) Issues Earnings Results

Greenland Technologies (NASDAQ:GTEC) posted its quarterly earnings data on Friday. The company reported $0.33 EPS for the quarter, Zacks reports. Greenland Technologies had a net margin of 9.43% and a return on equity of 14.06%.

Greenland Technologies Price Performance

Greenland Technologies stock traded up $0.07 during trading hours on Friday, reaching $1.00. 198,089 shares of the stock were exchanged, compared to its average volume of 138,913. The company has a current ratio of 1.68, a quick ratio of 1.25 and a debt-to-equity ratio of 0.01. The company has a market cap of $17.37 million, a P/E ratio of 1.67 and a beta of 1.78. The stock has a 50 day moving average of $1.26 and a two-hundred day moving average of $1.65. Greenland Technologies has a twelve month low of $0.92 and a twelve month high of $2.92.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GTEC shares. Wall Street Zen downgraded Greenland Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Greenland Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Greenland Technologies Company Profile

Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions.