Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $2.07, but opened at $2.25. Microvast shares last traded at $2.43, with a volume of 6,256,585 shares traded.
Analyst Ratings Changes
Separately, HC Wainwright restated a "buy" rating and set a $3.00 price objective on shares of Microvast in a research note on Monday, November 18th.
Check Out Our Latest Stock Analysis on Microvast
Microvast Stock Up 16.4 %
The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83. The stock has a market cap of $780.39 million, a price-to-earnings ratio of -6.34 and a beta of 2.54. The business has a fifty day moving average of $0.97 and a 200 day moving average of $0.55.
Hedge Funds Weigh In On Microvast
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Microvast in the 2nd quarter worth $80,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Microvast during the 2nd quarter worth about $141,000. AQR Capital Management LLC lifted its position in shares of Microvast by 569.1% in the 2nd quarter. AQR Capital Management LLC now owns 109,139 shares of the company's stock worth $50,000 after acquiring an additional 92,828 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Microvast during the second quarter valued at approximately $264,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Microvast in the second quarter valued at $28,000. Institutional investors and hedge funds own 20.72% of the company's stock.
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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