Microvast’s (MVST) Outperform Rating Reaffirmed at Oppenheimer

Microvast (NASDAQ:MVST – Get Rating)‘s stock had its “outperform” rating reiterated by Oppenheimer in a report released on Friday, Benzinga reports. They currently have a $8.00 price objective on the stock.

Microvast Price Performance

MVST stock opened at $1.24 on Friday. The stock’s fifty day moving average is $1.51 and its two-hundred day moving average is $1.86. The company has a current ratio of 2.45, a quick ratio of 2.09 and a debt-to-equity ratio of 0.13. Microvast has a 1 year low of $1.15 and a 1 year high of $8.00.

Institutional Investors Weigh In On Microvast

A number of hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. raised its stake in Microvast by 33.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,680 shares of the company’s stock valued at $65,000 after acquiring an additional 2,425 shares in the last quarter. ETF Managers Group LLC raised its stake in shares of Microvast by 4.0% during the third quarter. ETF Managers Group LLC now owns 102,267 shares of the company’s stock valued at $185,000 after purchasing an additional 3,967 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Microvast by 45.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,454 shares of the company’s stock worth $42,000 after purchasing an additional 8,638 shares during the period. Swiss National Bank grew its position in Microvast by 3.2% in the 4th quarter. Swiss National Bank now owns 292,200 shares of the company’s stock valued at $447,000 after buying an additional 9,100 shares in the last quarter. Finally, Jump Financial LLC raised its position in shares of Microvast by 112.7% during the 3rd quarter. Jump Financial LLC now owns 21,300 shares of the company’s stock worth $39,000 after buying an additional 11,285 shares in the last quarter. Institutional investors own 22.52% of the company’s stock.

Microvast Company Profile

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Microvast Holdings, Inc designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. 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.