Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares traded down 5.3% on Tuesday . The stock traded as low as $1.71 and last traded at $1.71. 2,983,791 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 11,385,791 shares. The stock had previously closed at $1.80.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a "buy" rating and set a $3.00 price objective on shares of Microvast in a report on Tuesday, April 8th.
Get Our Latest Stock Analysis on Microvast
Microvast Price Performance
The firm has a market capitalization of $562.61 million, a PE ratio of -4.55 and a beta of 2.54. The business's 50 day moving average is $1.63 and its two-hundred day moving average is $1.27. 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 institutional investors have recently added to or reduced their stakes in MVST. SBI Securities Co. Ltd. bought a new stake in shares of Microvast during the fourth quarter valued at about $32,000. Charles Schwab Investment Management Inc. bought a new stake in Microvast during the 4th quarter worth approximately $229,000. Wealthfront Advisers LLC purchased a new stake in Microvast in the 4th quarter worth approximately $135,000. IMG Wealth Management Inc. bought a new position in Microvast in the 4th quarter valued at $38,000. Finally, LPL Financial LLC grew its position in shares of Microvast by 559.0% during the 4th quarter. LPL Financial LLC now owns 272,455 shares of the company's stock valued at $564,000 after purchasing an additional 231,109 shares in the last quarter. Hedge funds and other institutional investors 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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