Cornerstone Investment Partners LLC Buys Shares of 40,505 Microvast Holdings, Inc. $MVST

Cornerstone Investment Partners LLC purchased a new position in shares of Microvast Holdings, Inc. (NASDAQ:MVST) in the second quarter, Holdings Channel.com reports. The fund purchased 40,505 shares of the company’s stock, valued at approximately $147,000.

Several other large investors have also bought and sold shares of the business. Amalgamated Bank bought a new position in Microvast in the second quarter valued at about $25,000. Transcend Capital Advisors LLC bought a new position in shares of Microvast in the second quarter worth about $54,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Microvast in the 1st quarter valued at approximately $44,000. Rathbones Group PLC acquired a new stake in shares of Microvast in the 1st quarter valued at approximately $53,000. Finally, Deutsche Bank AG bought a new stake in shares of Microvast during the 1st quarter valued at approximately $58,000. 20.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MVST. Zacks Research downgraded shares of Microvast from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen downgraded Microvast from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Microvast in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Microvast has a consensus rating of “Hold” and an average price target of $3.00.

Microvast Price Performance

Shares of NASDAQ:MVST opened at $4.83 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.56 and a current ratio of 0.83. Microvast Holdings, Inc. has a 52 week low of $0.15 and a 52 week high of $7.12. The firm has a market cap of $1.57 billion, a PE ratio of -9.47 and a beta of 3.27. The firm’s fifty day moving average is $4.31 and its 200-day moving average is $3.57.

Microvast (NASDAQ:MVST) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $91.34 million during the quarter, compared to the consensus estimate of $106.79 million. Microvast had a positive return on equity of 10.32% and a negative net margin of 26.82%. Microvast has set its FY 2025 guidance at EPS. Sell-side analysts predict that Microvast Holdings, Inc. will post -0.3 earnings per share for the current 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.