Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report)'s stock price was down 3.9% during trading on Thursday . The company traded as low as $1.97 and last traded at $1.98. Approximately 1,518,097 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 17,085,578 shares. The stock had previously closed at $2.06.
Analyst Ratings Changes
Separately, HC Wainwright restated a "buy" rating and set a $3.00 target price on shares of Microvast in a report on Monday, November 18th.
Get Our Latest Report on MVST
Microvast Stock Performance
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 stock has a market cap of $667.06 million, a PE ratio of -5.42 and a beta of 2.14. The business's 50-day moving average price is $1.43 and its 200-day moving average price is $0.69.
Institutional Investors Weigh In On Microvast
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in shares of Microvast during the second quarter valued at about $28,000. AQR Capital Management LLC grew its position in Microvast by 569.1% during the 2nd 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 during the last quarter. XTX Topco Ltd acquired a new position in Microvast during the 2nd quarter valued at approximately $80,000. Renaissance Technologies LLC purchased a new position in shares of Microvast in the second quarter worth $90,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Microvast during the second quarter worth $141,000. 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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