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

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 Monday.

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

Greenland Technologies Trading Up 0.8%

GTEC opened at $0.72 on Monday. The business has a fifty day moving average price of $0.89 and a 200 day moving average price of $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. Greenland Technologies has a 12 month low of $0.58 and a 12 month high of $2.58. The stock has a market capitalization of $12.48 million, a price-to-earnings ratio of 0.73 and a beta of 0.06.

Hedge Funds Weigh In On Greenland Technologies

Several large investors have recently bought and sold shares of GTEC. GSA Capital Partners LLP purchased a new position in Greenland Technologies in the third quarter valued at $34,000. Centiva Capital LP purchased a new stake in Greenland Technologies during the 3rd quarter worth about $29,000. Citadel Advisors LLC acquired a new position in shares of Greenland Technologies during the 3rd quarter worth about $31,000. Finally, Mariner LLC boosted 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 acquiring an additional 20,000 shares in the last quarter. Hedge funds and other 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.