Quantbot Technologies LP Purchases Shares of 453,211 Microvast Holdings, Inc. $MVST

Quantbot Technologies LP purchased a new stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 453,211 shares of the company’s stock, valued at approximately $1,745,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Amalgamated Bank acquired a new stake in shares of Microvast in the second quarter valued at $25,000. Calamos Advisors LLC bought a new stake in Microvast in the second quarter worth about $38,000. Tidal Investments LLC acquired a new stake in Microvast in the 2nd quarter valued at about $41,000. California State Teachers Retirement System bought a new position in shares of Microvast during the 2nd quarter valued at about $45,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Microvast in the 3rd quarter worth approximately $52,000. Institutional investors own 20.72% of the company’s stock.

Analyst Ratings Changes

MVST has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvast in a research note on Monday, December 29th. Wall Street Zen cut Microvast from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Microvast currently has a consensus rating of “Hold” and an average target price of $3.00.

Microvast Price Performance

MVST stock opened at $2.21 on Thursday. Microvast Holdings, Inc. has a one year low of $1.09 and a one year high of $7.12. The firm has a 50-day moving average of $2.70 and a two-hundred day moving average of $3.45. The firm has a market capitalization of $725.28 million, a PE ratio of -4.09 and a beta of 3.39. The company has a current ratio of 0.84, a quick ratio of 0.60 and a debt-to-equity ratio of 0.21.

Insider Activity at Microvast

In other Microvast news, Director Yixin Pan sold 12,596 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $2.76, for a total transaction of $34,764.96. Following the sale, the director directly owned 130,739 shares of the company’s stock, valued at $360,839.64. The trade was a 8.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 44.80% of the company’s stock.

Microvast Profile

Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments.

Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.