Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) shares traded down 9% on Friday . The stock traded as low as $1.94 and last traded at $1.97. Approximately 4,273,624 shares were traded during trading, a decline of 60% from the average session volume of 10,599,907 shares. The stock had previously closed at $2.16.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and issued a $3.00 price target on shares of Microvast in a research report on Monday, November 18th.
View Our Latest Analysis on Microvast
Microvast Trading Down 2.3 %
The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. The company has a market cap of $550.61 million, a PE ratio of -4.47 and a beta of 2.11. The company has a fifty day simple moving average of $1.96 and a two-hundred day simple moving average of $0.98.
Institutional Trading of Microvast
Large investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in Microvast in the fourth quarter worth approximately $737,000. LPL Financial LLC lifted 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 worth $564,000 after purchasing an additional 231,109 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Microvast by 38.4% during the fourth quarter. XTX Topco Ltd now owns 119,066 shares of the company's stock worth $246,000 after purchasing an additional 33,016 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Microvast by 193.9% during the fourth quarter. Bank of America Corp DE now owns 112,754 shares of the company's stock worth $233,000 after purchasing an additional 74,393 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in Microvast in the fourth quarter valued at $229,000. 20.72% of the stock is currently owned by hedge funds and other institutional investors.
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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