Greenland Technologies (NASDAQ:GTEC) Trading 0.6% Higher

Greenland Technologies Holding Co. (NASDAQ:GTEC) shares traded up 0.6% on Wednesday . The company traded as high as $1.63 and last traded at $1.61. 16,282 shares were traded during trading, a decline of 61% from the average session volume of 41,643 shares. The stock had previously closed at $1.60.

Greenland Technologies Stock Performance

The stock has a 50 day moving average price of $2.32 and a two-hundred day moving average price of $2.72. The company has a market capitalization of $21.89 million, a PE ratio of -1.34 and a beta of 1.34.

Greenland Technologies (NASDAQ:GTEC) last posted its quarterly earnings results on Tuesday, April 16th. The company reported ($1.42) earnings per share for the quarter. Greenland Technologies had a negative return on equity of 20.55% and a negative net margin of 17.58%. The firm had revenue of $22.78 million for the quarter. Sell-side analysts predict that Greenland Technologies Holding Co. will post 0.33 earnings per share for the current year.

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.