Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $1.48, but opened at $1.40. Microvast shares last traded at $1.56, with a volume of 3,648,335 shares trading hands.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a "buy" rating and issued a $3.00 price target on shares of Microvast in a research report on Monday, November 18th.
Read Our Latest Stock Analysis on MVST
Microvast Stock Up 4.0 %
The firm has a market capitalization of $505.27 million, a price-to-earnings ratio of -4.11 and a beta of 2.20. The business's 50-day moving average is $1.94 and its two-hundred day moving average is $1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30.
Institutional Trading of Microvast
A number of large investors have recently bought and sold shares of MVST. BNP Paribas Financial Markets bought a new stake in Microvast during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Microvast during the 4th quarter worth approximately $32,000. IMG Wealth Management Inc. bought a new stake in Microvast during the 4th quarter worth approximately $38,000. Prudential Financial Inc. bought a new position in shares of Microvast during the 4th quarter worth approximately $55,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Microvast during the 4th quarter worth approximately $73,000. 20.72% of the stock is owned by institutional investors.
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.
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