Intech Investment Management LLC Acquires New Shares in Microvast Holdings, Inc. $MVST

Intech Investment Management LLC acquired a new position in Microvast Holdings, Inc. (NASDAQ:MVST) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 105,841 shares of the company’s stock, valued at approximately $384,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Deutsche Bank AG purchased a new stake in shares of Microvast during the 1st quarter valued at about $58,000. Virtu Financial LLC purchased a new stake in Microvast in the first quarter worth approximately $120,000. Rathbones Group PLC purchased a new stake in Microvast in the first quarter worth approximately $53,000. OMERS ADMINISTRATION Corp bought a new stake in Microvast in the 1st quarter worth approximately $184,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Microvast during the 1st quarter valued at $213,000. Institutional investors own 20.72% of the company’s stock.

Microvast Price Performance

NASDAQ MVST opened at $3.52 on Friday. The business’s fifty day moving average is $4.58 and its 200 day moving average is $3.77. Microvast Holdings, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $7.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.60 and a current ratio of 0.84. The company has a market capitalization of $1.16 billion, a PE ratio of -6.52 and a beta of 3.27.

Microvast (NASDAQ:MVST) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Microvast had a positive return on equity of 11.34% and a negative net margin of 28.81%.The company had revenue of $123.29 million during the quarter, compared to the consensus estimate of $120.02 million. Microvast has set its FY 2025 guidance at EPS. Sell-side analysts predict that Microvast Holdings, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Microvast in a research note on Wednesday. Zacks Research cut Microvast from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Wall Street Zen raised shares of Microvast from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.00.

Microvast Company Profile

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.