Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares saw an uptick in trading volume on Friday . 9,170,215 shares traded hands during trading, a decline of 11% from the previous session's volume of 10,249,376 shares.The stock last traded at $2.64 and had previously closed at $2.55.
Analyst Ratings Changes
Separately, HC Wainwright reissued a "buy" rating and issued a $3.00 price objective on shares of Microvast in a research report on Monday, November 18th.
Read Our Latest Stock Report on Microvast
Microvast Stock Down 3.9 %
The company has a market capitalization of $793.35 million, a price-to-earnings ratio of -6.45 and a beta of 2.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. The business's 50 day moving average is $0.84 and its 200 day moving average is $0.51.
Institutional Investors Weigh In On Microvast
Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new stake in shares of Microvast during the second quarter worth about $90,000. XTX Topco Ltd acquired a new stake in Microvast during the 2nd quarter valued at approximately $80,000. Point72 DIFC Ltd purchased a new stake in shares of Microvast in the 2nd quarter valued at $28,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Microvast in the second quarter worth $264,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Microvast during the second quarter worth $141,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.
About Microvast
(
Get Free Report)
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.
Further Reading
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