GTEC Trades Higher Even as $1 Rule Stays in Focus
Greenland Technologies shares rose 2.5% to $0.58 Friday, still well below Nasdaq’s $1 minimum bid requirement. The company has until Sept. 8 to regain compliance or risk delisting. Q1 revenue climbed to $25.54 million and net income to $5.75 million, but EPS fell as share count increased. Most sales come from transmission products for Chinese forklift makers; its U.S. electric vehicle unit remains mostly suspended.