Microvast’s (MVST) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of Microvast (NASDAQ:MVST) in a report published on Tuesday,Benzinga reports. HC Wainwright currently has a $3.00 price target on the stock.

Microvast Trading Down 9.4 %

NASDAQ:MVST opened at $1.63 on Tuesday. The company has a 50-day moving average price of $1.62 and a 200-day moving average price of $1.23. The stock has a market cap of $530.09 million, a price-to-earnings ratio of -4.29 and a beta of 2.54. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. Microvast has a 12 month low of $0.15 and a 12 month high of $2.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MVST. BNP Paribas Financial Markets bought a new stake in shares of Microvast during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Microvast during the 4th quarter valued at $32,000. IMG Wealth Management Inc. purchased a new stake in shares of Microvast in the 4th quarter worth about $38,000. Prudential Financial Inc. bought a new position in shares of Microvast in the 4th quarter worth about $55,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Microvast during the 4th quarter valued at about $73,000. Hedge funds and other institutional investors own 20.72% of the company’s stock.

About Microvast

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.