Geode Capital Management LLC lowered its position in Microvast Holdings, Inc. (NASDAQ:MVST – Free Report) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,248,810 shares of the company’s stock after selling 280,742 shares during the period. Geode Capital Management LLC owned about 0.69% of Microvast worth $561,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of MVST. Renaissance Technologies LLC bought a new position in Microvast in the 2nd quarter worth $90,000. XTX Topco Ltd bought a new position in Microvast in the 2nd quarter worth $80,000. Point72 DIFC Ltd bought a new position in Microvast in the 2nd quarter worth $28,000. Cubist Systematic Strategies LLC bought a new position in Microvast in the 2nd quarter worth $264,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Microvast in the 2nd quarter worth $141,000. Institutional investors own 20.72% of the company’s stock.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of Microvast in a report on Monday, November 18th.
Microvast Stock Up 25.7 %
MVST opened at $2.35 on Friday. The firm has a 50-day simple moving average of $1.24 and a two-hundred day simple moving average of $0.64. Microvast Holdings, Inc. has a 52 week low of $0.15 and a 52 week high of $2.87. The company has a market capitalization of $760.97 million, a PE ratio of -6.18 and a beta of 2.14. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24.
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.
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