110,771 Shares in Microvast Holdings, Inc. (NASDAQ:MVST) Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. acquired a new stake in Microvast Holdings, Inc. (NASDAQ:MVST) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 110,771 shares of the company’s stock, valued at approximately $229,000.

Separately, SBI Securities Co. Ltd. acquired a new stake in shares of Microvast in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Microvast Trading Up 32.5 %

Shares of MVST stock opened at $1.55 on Wednesday. The business’s fifty day moving average price is $1.64 and its 200 day moving average price is $1.18. The firm has a market capitalization of $502.03 million, a PE ratio of -4.08 and a beta of 2.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83. Microvast Holdings, Inc. has a 1-year low of $0.15 and a 1-year high of $2.87.

Microvast (NASDAQ:MVST) last posted its quarterly earnings results on Monday, April 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Microvast had a negative net margin of 30.88% and a negative return on equity of 22.10%. The business had revenue of $113.39 million for the quarter, compared to analysts’ expectations of $92.50 million. During the same period in the prior year, the company posted ($0.04) EPS. As a group, sell-side analysts forecast that Microvast Holdings, Inc. will post -0.3 EPS for the current fiscal year.

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.