Greenland Technologies (NASDAQ:GTEC – Get Free Report) was upgraded by equities researchers at Wall Street Zen to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings lowered shares of Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Greenland Technologies has an average rating of “Sell”.
Check Out Our Latest Analysis on Greenland Technologies
Greenland Technologies Stock Performance
GTEC opened at $0.51 on Friday. The company has a market cap of $10.47 million, a price-to-earnings ratio of 0.88 and a beta of 0.28. Greenland Technologies has a one year low of $0.42 and a one year high of $1.61. The business’s fifty day moving average is $0.82 and its two-hundred day moving average is $0.73.
Greenland Technologies (NASDAQ:GTEC – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $29.88 million for the quarter, compared to the consensus estimate of $22.80 million. Greenland Technologies had a net margin of 12.32% and a return on equity of 17.02%. On average, analysts predict that Greenland Technologies will post 0.59 EPS for the current fiscal year.
Greenland Technologies Company Profile
Greenland Technologies Holding Corporation (NASDAQ:GTEC) develops and manufactures electric industrial vehicles and drivetrain systems for material-handling and other heavy-equipment applications. The company’s products are designed for use in settings such as warehouses, distribution facilities, construction sites, industrial operations and other commercial environments.
Through its HEVI brand, Greenland Technologies offers electric vehicles and equipment, including electric forklifts, loaders, excavators and other utility vehicles.
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