Shares of Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $2.14, but opened at $2.06. Microvast shares last traded at $2.02, with a volume of 3,171,401 shares.
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 Research Report on Microvast
Microvast Trading Up 9.8 %
The company's 50-day moving average is $1.56 and its 200 day moving average is $0.74. The company has a market cap of $707.55 million, a price-to-earnings ratio of -5.75 and a beta of 2.14. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24.
Hedge Funds Weigh In On Microvast
Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of Microvast during the 2nd quarter worth approximately $28,000. AQR Capital Management LLC increased its stake in shares of Microvast by 569.1% during the second quarter. AQR Capital Management LLC now owns 109,139 shares of the company's stock worth $50,000 after purchasing an additional 92,828 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Microvast during the 2nd quarter worth about $80,000. Renaissance Technologies LLC purchased a new position in Microvast in the 2nd quarter valued at about $90,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Microvast in the 2nd quarter worth about $141,000. Institutional investors and hedge funds own 20.72% of the company's stock.
Microvast Company Profile
(
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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