Microvast (NASDAQ:MVST) Director Yixin Pan Sells 12,596 Shares of Stock

Microvast Holdings, Inc. (NASDAQ:MVST) Director Yixin Pan sold 12,596 shares of Microvast stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $2.76, for a total value of $34,764.96. Following the sale, the director directly owned 130,739 shares of the company’s stock, valued at $360,839.64. This trade represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Microvast Trading Up 0.7%

MVST opened at $2.99 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.60 and a current ratio of 0.84. Microvast Holdings, Inc. has a one year low of $1.09 and a one year high of $7.12. The company has a market cap of $981.26 million, a P/E ratio of -5.54 and a beta of 3.37. The business’s 50-day simple moving average is $3.33 and its 200-day simple moving average is $3.60.

Microvast (NASDAQ:MVST) last posted its earnings results on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $123.29 million for the quarter, compared to analysts’ expectations of $120.02 million. Microvast had a positive return on equity of 11.34% and a negative net margin of 28.81%. As a group, equities research analysts expect that Microvast Holdings, Inc. will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Microvast

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank acquired a new stake in shares of Microvast during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Microvast during the 3rd quarter valued at approximately $32,000. NewEdge Advisors LLC acquired a new stake in Microvast during the 3rd quarter worth approximately $38,000. Calamos Advisors LLC purchased a new position in shares of Microvast in the 2nd quarter valued at approximately $38,000. Finally, Tidal Investments LLC acquired a new position in shares of Microvast in the second quarter valued at approximately $41,000. 20.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on MVST shares. Wall Street Zen lowered shares of Microvast from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Microvast in a research report on Monday, December 29th. Finally, Zacks Research cut Microvast from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.00.

About Microvast

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.