LPL Financial LLC Purchases 231,109 Shares of Microvast Holdings, Inc. (NASDAQ:MVST)

LPL Financial LLC lifted its holdings in Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) by 559.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 272,455 shares of the company's stock after buying an additional 231,109 shares during the period. LPL Financial LLC owned approximately 0.08% of Microvast worth $564,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MVST. SBI Securities Co. Ltd. purchased a new stake in Microvast in the fourth quarter worth approximately $32,000. IMG Wealth Management Inc. purchased a new stake in shares of Microvast in the fourth quarter worth $38,000. Wealthfront Advisers LLC bought a new position in shares of Microvast in the fourth quarter worth approximately $135,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Microvast during the 4th quarter valued at $229,000. 20.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, 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.

Microvast Price Performance

Shares of MVST stock traded down $0.09 during trading hours on Wednesday, hitting $1.93. The stock had a trading volume of 5,328,193 shares, compared to its average volume of 11,641,597. Microvast Holdings, Inc. has a one year low of $0.15 and a one year high of $2.87. The stock has a market capitalization of $627.65 million, a price-to-earnings ratio of -5.08 and a beta of 2.54. The stock's 50-day moving average price is $1.64 and its two-hundred day moving average price is $1.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.30 and a quick ratio of 0.83.

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.