Microvast (NASDAQ:MVST - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01, Zacks reports. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. The company had revenue of $113.39 million during the quarter, compared to the consensus estimate of $92.50 million. During the same period last year, the business posted ($0.04) earnings per share.
Microvast Stock Performance
MVST traded down $0.03 during trading on Friday, hitting $1.79. 9,186,287 shares of the company traded hands, compared to its average volume of 11,436,794. The firm has a market cap of $579.77 million, a P/E ratio of -4.71 and a beta of 2.20. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.24. Microvast has a one year low of $0.15 and a one year high of $2.87. The stock's fifty day moving average is $1.63 and its 200 day moving average is $1.19.
About Microvast
(
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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.
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