Jing Jin Sells 135,000 Shares of Greenland Technologies Holding Co. (NASDAQ:GTEC) Stock

Greenland Technologies Holding Co. (NASDAQ:GTEC) CFO Jing Jin sold 135,000 shares of the stock in a transaction dated Tuesday, June 22nd. The shares were sold at an average price of $5.00, for a total value of $675,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ:GTEC opened at $9.31 on Friday. The stock has a market capitalization of $97.74 million, a PE ratio of 10.83 and a beta of 2.10. The company’s fifty day moving average is $8.43. Greenland Technologies Holding Co. has a 12-month low of $1.77 and a 12-month high of $26.42.

Greenland Technologies (NASDAQ:GTEC) last posted its earnings results on Wednesday, May 12th. The company reported $0.21 EPS for the quarter. The business had revenue of $24.61 million during the quarter. Greenland Technologies had a return on equity of 16.87% and a net margin of 10.58%. As a group, equities analysts predict that Greenland Technologies Holding Co. will post 0.6 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in shares of Greenland Technologies in the 4th quarter worth $349,000. Jane Street Group LLC bought a new stake in shares of Greenland Technologies in the 4th quarter worth $214,000. Virtu Financial LLC bought a new stake in shares of Greenland Technologies in the 4th quarter worth $121,000. HRT Financial LP bought a new stake in shares of Greenland Technologies in the 1st quarter worth $155,000. Finally, Morgan Stanley grew its holdings in shares of Greenland Technologies by 77.9% in the first quarter. Morgan Stanley now owns 12,100 shares of the company’s stock worth $150,000 after acquiring an additional 5,300 shares during the period. 1.36% of the stock is owned by institutional investors and hedge funds.

Separately, Aegis assumed coverage on Greenland Technologies in a research report on Thursday, May 13th. They set a “buy” rating and a $14.00 price target on the stock.

Greenland Technologies Company Profile

Greenland Technologies Holding Corporation, through its subsidiaries, develops and manufactures transmission and drivetrain systems for material handling machineries and electric vehicles, and electric industrial vehicles in the People's Republic of China and internationally. The company offers transmission products for forklift trucks that are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfillment centers, shipyards, and seaports.

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