Squarepoint Ops LLC Makes New $737,000 Investment in Microvast Holdings, Inc. (NASDAQ:MVST)

Squarepoint Ops LLC bought a new position in shares of Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 356,186 shares of the company's stock, valued at approximately $737,000. Squarepoint Ops LLC owned approximately 0.11% of Microvast as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Microvast during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Microvast during the 4th quarter valued at $32,000. IMG Wealth Management Inc. purchased a new position in Microvast during the fourth quarter worth $38,000. Prudential Financial Inc. acquired a new position in shares of Microvast in the fourth quarter worth $55,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Microvast in the fourth quarter worth $73,000. 20.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. HC Wainwright reiterated a "buy" rating and set a $3.00 price objective on shares of Microvast in a research report on Tuesday, April 8th. Wall Street Zen raised shares of Microvast from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Microvast Trading Up 3.1%

NASDAQ MVST traded up $0.11 during mid-day trading on Thursday, reaching $3.50. 3,595,846 shares of the stock were exchanged, compared to its average volume of 12,306,956. The stock has a market capitalization of $1.14 billion, a PE ratio of -9.20 and a beta of 2.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. Microvast Holdings, Inc. has a 1-year low of $0.15 and a 1-year high of $4.32. The business's fifty day simple moving average is $2.46 and its 200 day simple moving average is $1.90.

Microvast (NASDAQ:MVST - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.10. The business had revenue of $116.49 million for the quarter, compared to analysts' expectations of $104.00 million. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. On average, research analysts anticipate that Microvast Holdings, Inc. will post -0.3 earnings per share for the current fiscal 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.