Microvast (NASDAQ:MVST) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Microvast (NASDAQ:MVST) released its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01, Zacks reports. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. Microvast updated its FY 2025 guidance to EPS.

Microvast Trading Up 1.7 %

Shares of MVST stock traded up $0.02 during trading hours on Monday, hitting $1.17. 8,050,755 shares of the company were exchanged, compared to its average volume of 11,276,016. The firm has a fifty day moving average of $1.67 and a 200 day moving average of $1.16. 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 has a 1 year low of $0.15 and a 1 year high of $2.87. The firm has a market cap of $378.95 million, a PE ratio of -3.08 and a beta of 2.20.

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.