Point72 DIFC Ltd acquired a new position in shares of Microvast Holdings, Inc. (NASDAQ:MVST – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 62,015 shares of the company’s stock, valued at approximately $28,000.
Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd raised its stake in shares of Microvast by 799.1% during the 4th quarter. Quadrature Capital Ltd now owns 249,091 shares of the company’s stock worth $354,000 after acquiring an additional 221,388 shares in the last quarter. GSA Capital Partners LLP grew its position in Microvast by 334.7% during the 1st quarter. GSA Capital Partners LLP now owns 1,097,071 shares of the company’s stock worth $918,000 after purchasing an additional 844,698 shares during the last quarter. Vanguard Group Inc. grew its position in Microvast by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 9,690,219 shares of the company’s stock worth $8,111,000 after purchasing an additional 164,702 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Microvast during the 1st quarter worth approximately $195,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Microvast by 16.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,358,374 shares of the company’s stock worth $3,648,000 after purchasing an additional 629,456 shares during the last quarter. Institutional investors own 20.72% of the company’s stock.
Microvast Stock Up 1.3 %
NASDAQ:MVST opened at $0.28 on Monday. The company has a market cap of $88.72 million, a PE ratio of -0.87 and a beta of 1.71. Microvast Holdings, Inc. has a twelve month low of $0.18 and a twelve month high of $1.95. The company has a current ratio of 1.12, a quick ratio of 0.71 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $0.31 and its two-hundred day moving average is $0.42.
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.
Featured Stories
- Five stocks we like better than Microvast
- How to Invest in Biotech Stocks
- Simon Property REIT: A Safe Bet for Growth and Steady Dividends
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Upcoming IPO Stock Lockup Period, Explained
- MarketBeat Week in Review – 9/23 – 9/27
Want to see what other hedge funds are holding MVST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microvast Holdings, Inc. (NASDAQ:MVST – Free Report).
Receive News & Ratings for Microvast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microvast and related companies with MarketBeat.com's FREE daily email newsletter.