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Greenland Technologies Holding Corporation: Navigating Market Fluctuations with a 37.91M Market Cap

The present stock price for Greenland Technologies Holding Corporation (GTEC) is $3.75. In the last trading session, the stock made a considerable jump, reaching $3.85 after an opening price of $3.13. The stock briefly fell to $2.70 before ending the session at $2.92.

Greenland Technologies Holding Corporation saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $5.25 on 09/06/23, while the lowest price for the same duration was marked at $1.13 on 05/15/23.

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52-week price history of GTEC Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Greenland Technologies Holding Corporation’s current trading price is -28.57% away from its 52-week high, while its distance from the 52-week low is 231.86%. The stock’s price range during this period has spanned from $1.13 to $5.25. In the Industrials sector, the Greenland Technologies Holding Corporation’s shares surpassed a trading volume of approximately 0.72 million for the day, which was noticeably higher compared to the average daily volume of 9.0.19 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Greenland Technologies Holding Corporation (GTEC) has experienced a quarterly rise of 109.50% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 37.91M and boasts a workforce of 330 employees.

A Closer Look at Analysts’ Ratings for Greenland Technologies Holding Corporation

As of right now, 1 analyst is rating Greenland Technologies Holding Corporation as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.87, with a change in price of +2.26. Similarly, Greenland Technologies Holding Corporation recorded 241,668 in trading volume during the last 100 days, posting a change of +151.68%.

Examining GTEC’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for GTEC stands at 0.49. Similarly, the long-term debt-to-equity ratio is also 0.00.

GTEC Stock Stochastic Average

Today, Greenland Technologies Holding Corporation’s raw stochastic average for the past 50 days stands at 59.88%, indicating a rise from the raw stochastic average of the last 20 days, which was 59.46%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 47.08% and 51.60% respectively.

GTEC Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 72.02% this year. Over the last six months, there has been a weaker performance of 107.18%. The price of GTEC fallen by 131.87% during the last 30 days period. For the last 5-days stocks have slided -16.67%.

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