Greenland Technologies Holding Co. (NASDAQ:GTEC - Get Free Report) Director Peter Wang bought 6,211,740 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $6,211,740.00. Following the completion of the transaction, the director now owns 6,211,740 shares of the company's stock, valued at $6,211,740. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Greenland Technologies Price Performance
Shares of GTEC stock opened at $1.52 on Friday. Greenland Technologies Holding Co. has a 12 month low of $1.17 and a 12 month high of $2.94. The company has a market capitalization of $20.66 million, a P/E ratio of -1.60 and a beta of 1.53. The stock has a 50 day moving average of $1.55 and a two-hundred day moving average of $1.99. The company has a current ratio of 1.68, a quick ratio of 1.31 and a debt-to-equity ratio of 0.02.
Greenland Technologies (NASDAQ:GTEC - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.08 by $0.37. The firm had revenue of $19.37 million during the quarter, compared to analysts' expectations of $19.00 million. Greenland Technologies had a negative return on equity of 23.51% and a negative net margin of 14.16%. During the same period last year, the business earned ($1.20) earnings per share. As a group, equities analysts expect that Greenland Technologies Holding Co. will post 0.49 EPS for the current year.
Institutional Trading of Greenland Technologies
Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in Greenland Technologies in the fourth quarter worth about $28,000. Walleye Trading LLC bought a new stake in shares of Greenland Technologies in the 4th quarter valued at approximately $33,000. Two Sigma Advisers LP acquired a new position in shares of Greenland Technologies in the 4th quarter worth approximately $56,000. BNP Paribas Financial Markets acquired a new stake in Greenland Technologies in the 4th quarter valued at $60,000. Finally, Millennium Management LLC grew its position in Greenland Technologies by 138.3% in the fourth quarter. Millennium Management LLC now owns 49,673 shares of the company's stock valued at $96,000 after acquiring an additional 28,824 shares during the period. 10.89% of the stock is currently owned by institutional investors and hedge funds.
Greenland Technologies Company Profile
(
Get Free Report)
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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