SBI Securities Co. Ltd. acquired a new stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 15,493 shares of the company’s stock, valued at approximately $32,000.
Microvast Stock Performance
Microvast stock opened at $1.50 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $485.84 million, a P/E ratio of -3.95 and a beta of 2.20. The stock’s 50 day moving average is $1.87 and its 200 day moving average is $1.07. Microvast Holdings, Inc. has a twelve month low of $0.15 and a twelve month high of $2.87.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of Microvast in a research note on Monday, November 18th.
Microvast 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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