Greenland Technologies Holding Co. (NASDAQ:GTEC)’s share price rose 7.1% during mid-day trading on Thursday . The company traded as high as $8.85 and last traded at $8.70. Approximately 711,559 shares traded hands during trading, a decline of 44% from the average daily volume of 1,263,917 shares. The stock had previously closed at $8.12.
The stock’s 50-day moving average is $5.22 and its 200-day moving average is $3.35.
Greenland Technologies (NASDAQ:GTEC) last released its earnings results on Monday, November 23rd. The company reported $0.02 earnings per share (EPS) for the quarter. Greenland Technologies had a net margin of 6.13% and a return on equity of 7.41%. The company had revenue of $16.52 million for the quarter.
A hedge fund recently bought a new stake in Greenland Technologies stock. Boothbay Fund Management LLC bought a new stake in shares of Greenland Technologies Holding Co. (NASDAQ:GTEC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 29,000 shares of the company’s stock, valued at approximately $66,000. Boothbay Fund Management LLC owned 0.50% of Greenland Technologies as of its most recent SEC filing.
About Greenland Technologies (NASDAQ:GTEC)
Greenland Technologies Holding Corporation, through its subsidiaries, develops and manufactures transmission and drivetrain systems for material handling machineries and electric vehicles, and electric forklift trucks in the People's Republic of China. The company offers transmission products, such as mechanical and hydraulic gearboxes, and transaxles to small and medium-sized forklift trucks for use in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports.
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