Vanguard Group Inc. Has $18.73 Million Position in Microvast Holdings, Inc. (NASDAQ:MVST)

Vanguard Group Inc. reduced its position in shares of Microvast Holdings, Inc. (NASDAQ:MVST - Free Report) by 6.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,048,316 shares of the company's stock after selling 641,823 shares during the period. Vanguard Group Inc. owned about 2.79% of Microvast worth $18,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in Microvast by 559.0% in the fourth quarter. LPL Financial LLC now owns 272,455 shares of the company's stock worth $564,000 after purchasing an additional 231,109 shares in the last quarter. IMG Wealth Management Inc. acquired a new position in Microvast during the 4th quarter worth about $38,000. Wealthfront Advisers LLC acquired a new position in Microvast during the 4th quarter worth about $135,000. Charles Schwab Investment Management Inc. bought a new stake in Microvast during the 4th quarter worth about $229,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Microvast in the 4th quarter valued at about $32,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Microvast Trading Up 4.8 %

MVST traded up $0.10 during mid-day trading on Tuesday, reaching $2.19. The stock had a trading volume of 9,970,449 shares, compared to its average volume of 11,585,516. The firm's fifty day simple moving average is $1.64 and its two-hundred day simple moving average is $1.34. The stock has a market capitalization of $712.21 million, a P/E ratio of -5.76 and a beta of 2.54. Microvast Holdings, Inc. has a 52 week low of $0.15 and a 52 week high of $2.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a "buy" rating and set a $3.00 target price on shares of Microvast in a research report on Tuesday, April 8th.

Microvast Company 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.