Microvast Holdings, Inc. (NASDAQ:MVST – Get Rating)’s stock price traded up 5.3% on Wednesday . The company traded as high as $2.19 and last traded at $2.19. 3,590 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 2,910,590 shares. The stock had previously closed at $2.08.
Analysts Set New Price Targets
Separately, Oppenheimer initiated coverage on shares of Microvast in a research report on Thursday, August 18th. They set an “outperform” rating and a $8.00 price objective for the company.
Microvast Price Performance
The firm’s fifty day simple moving average is $2.14 and its 200-day simple moving average is $2.65. The company has a quick ratio of 2.09, a current ratio of 2.45 and a debt-to-equity ratio of 0.13.
Hedge Funds Weigh In On Microvast
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.
- Get a free copy of the StockNews.com research report on Microvast (MVST)
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