Microvast (NASDAQ:MVST) Announces Quarterly Earnings Results

Microvast (NASDAQ:MVST - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01, Zacks reports. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. The firm had revenue of $113.39 million during the quarter, compared to analyst estimates of $92.50 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share.

Microvast Stock Down 1.6 %

NASDAQ:MVST traded down $0.03 during mid-day trading on Friday, reaching $1.79. The company's stock had a trading volume of 9,186,287 shares, compared to its average volume of 11,436,794. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $579.77 million, a PE ratio of -4.71 and a beta of 2.20. The stock has a fifty day moving average of $1.62 and a 200-day moving average of $1.20. Microvast has a 1 year low of $0.15 and a 1 year high of $2.87.

About Microvast

Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.