47,415 Shares in Microvast Holdings, Inc. (NASDAQ:MVST) Bought by Keynote Financial Services LLC

Keynote Financial Services LLC purchased a new position in Microvast Holdings, Inc. (NASDAQ:MVST) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 47,415 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of Microvast by 145.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 21,616 shares of the company’s stock valued at $30,000 after acquiring an additional 12,820 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Microvast by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 28,092 shares of the company’s stock worth $39,000 after acquiring an additional 10,000 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Microvast by 284.6% in the fourth quarter. SG Americas Securities LLC now owns 113,675 shares of the company’s stock worth $159,000 after acquiring an additional 84,122 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of Microvast in the fourth quarter worth about $176,000. Finally, Symmetry Peak Management LLC bought a new position in shares of Microvast in the fourth quarter worth about $178,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Microvast Price Performance

Shares of NASDAQ MVST traded down $0.03 during trading on Friday, reaching $0.34. The company had a trading volume of 1,760,575 shares, compared to its average volume of 1,401,210. Microvast Holdings, Inc. has a 52 week low of $0.30 and a 52 week high of $2.80. The stock has a market cap of $108.55 million, a PE ratio of -1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.66 and a current ratio of 1.03. The business’s 50 day moving average price is $0.41 and its 200-day moving average price is $0.58.

Microvast (NASDAQ:MVST) last announced its earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $81.35 million during the quarter, compared to the consensus estimate of $67.63 million. Microvast had a negative return on equity of 18.01% and a negative net margin of 29.79%. During the same period in the prior year, the firm posted ($0.10) earnings per share. Analysts expect that Microvast Holdings, Inc. will post -0.23 earnings per share for the current year.

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.