Microvast (MVST) Set to Announce Quarterly Earnings on Monday

Microvast (NASDAQ:MVST – Get Rating) is scheduled to announce its earnings results after the market closes on Monday, May 16th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Shares of NASDAQ MVST opened at $4.73 on Monday. Microvast has a twelve month low of $4.61 and a twelve month high of $15.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.02 and a quick ratio of 3.72. The company’s fifty day moving average is $6.35 and its 200-day moving average is $6.80.

Several research firms have recently weighed in on MVST. Zacks Investment Research upgraded Microvast from a “sell” rating to a “hold” rating in a report on Friday, April 22nd. Morgan Stanley cut their price objective on shares of Microvast from $6.00 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, April 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MVST. LPL Financial LLC bought a new position in shares of Microvast in the fourth quarter valued at $64,000. Advisor Group Holdings Inc. lifted its stake in Microvast by 33.4% in the first quarter. Advisor Group Holdings Inc. now owns 9,680 shares of the company’s stock valued at $65,000 after acquiring an additional 2,425 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Microvast in the 4th quarter valued at about $66,000. Morgan Stanley acquired a new stake in Microvast in the 3rd quarter valued at about $168,000. Finally, Cubist Systematic Strategies LLC bought a new position in Microvast during the third quarter worth about $210,000. 32.20% of the stock is owned by institutional investors.

Microvast Company Profile (Get Rating)

Microvast Holdings, Inc designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. 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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