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

Wall Street Zen upgraded shares of Greenland Technologies (NASDAQ:GTEC) to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Greenland Technologies currently has an average rating of “Sell”.

Greenland Technologies Stock Performance

Shares of NASDAQ GTEC opened at $0.51 on Friday. Greenland Technologies has a 52-week low of $0.42 and a 52-week high of $1.61. The firm has a market capitalization of $10.47 million, a price-to-earnings ratio of 0.88 and a beta of 0.28. The stock has a 50 day moving average price of $0.82 and a 200 day moving average price of $0.73.

Greenland Technologies (NASDAQ:GTEC) last released its quarterly earnings data on Friday, August 14th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Greenland Technologies had a return on equity of 17.02% and a net margin of 12.32%. The company had revenue of $29.88 million for the quarter, compared to the consensus estimate of $22.80 million. Analysts forecast that Greenland Technologies will post 0.59 earnings per share for the current 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.