Greenland Technologies (NASDAQ:GTEC) Issues Earnings Results

Greenland Technologies (NASDAQ:GTEC) issued its quarterly earnings results on Wednesday. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.37, Zacks reports. Greenland Technologies had a negative return on equity of 23.51% and a negative net margin of 14.16%. The company had revenue of $19.37 million for the quarter, compared to analysts’ expectations of $19.00 million. During the same period last year, the firm earned ($1.20) EPS.

Greenland Technologies Price Performance

Shares of Greenland Technologies stock opened at $1.73 on Friday. Greenland Technologies has a 52 week low of $1.17 and a 52 week high of $2.94. The company has a current ratio of 1.68, a quick ratio of 1.31 and a debt-to-equity ratio of 0.02. The stock has a market cap of $23.52 million, a PE ratio of -1.82 and a beta of 1.49. The company’s 50-day moving average price is $1.87 and its two-hundred day moving average price is $2.10.

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.