Greenland Technologies (NASDAQ:GTEC – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.
Greenland Technologies Stock Down 6.6%
Shares of GTEC opened at $1.27 on Friday. Greenland Technologies has a 52 week low of $1.17 and a 52 week high of $2.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.68. The firm has a market capitalization of $22.09 million, a price-to-earnings ratio of 2.12 and a beta of 1.97. The business’s fifty day moving average price is $1.87 and its two-hundred day moving average price is $1.83.
Greenland Technologies (NASDAQ:GTEC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.20) earnings per share (EPS) for the quarter. Greenland Technologies had a return on equity of 14.06% and a net margin of 9.43%. The company had revenue of $21.72 million during the quarter. On average, analysts predict that Greenland Technologies will post 0.49 earnings per share for the current year.
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About Greenland Technologies
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.
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