Microvast (MVST) Set to Announce Quarterly Earnings on Thursday

Microvast (NASDAQ:MVST – Get Rating) will announce its earnings results after the market closes on Thursday, March 16th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Microvast Trading Up 7.5 %

MVST opened at $1.29 on Tuesday. The stock has a 50-day moving average price of $1.53 and a 200-day moving average price of $1.89. The company has a quick ratio of 2.09, a current ratio of 2.45 and a debt-to-equity ratio of 0.13. Microvast has a 1 year low of $1.15 and a 1 year high of $8.08.

Hedge Funds Weigh In On Microvast

Several large investors have recently modified their holdings of MVST. Prudential Financial Inc. bought a new stake in Microvast in the 2nd quarter worth about $26,000. American Century Companies Inc. bought a new stake in shares of Microvast during the 4th quarter valued at about $30,000. Alliancebernstein L.P. bought a new stake in shares of Microvast during the 3rd quarter valued at about $31,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Microvast during the 2nd quarter valued at about $42,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Microvast during the 2nd quarter valued at about $44,000. Hedge funds and other institutional investors own 22.52% of the company’s stock.

Microvast Company Profile

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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.