Two Sigma Investments LP Reduces Holdings in Microvast Holdings, Inc. (NASDAQ:MVST)

Two Sigma Investments LP lessened its holdings in Microvast Holdings, Inc. (NASDAQ:MVST) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,148 shares of the company’s stock after selling 11,705 shares during the period. Two Sigma Investments LP’s holdings in Microvast were worth $158,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of Microvast during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Microvast in the fourth quarter valued at $32,000. IMG Wealth Management Inc. purchased a new stake in shares of Microvast in the fourth quarter valued at $38,000. Prudential Financial Inc. acquired a new stake in shares of Microvast during the fourth quarter valued at $55,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Microvast during the 4th quarter worth about $73,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Microvast Price Performance

Shares of NASDAQ:MVST opened at $4.20 on Friday. The company has a market cap of $1.37 billion, a P/E ratio of -11.05 and a beta of 3.02. 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 Holdings, Inc. has a 52 week low of $0.15 and a 52 week high of $4.32. The business has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $2.04.

Microvast (NASDAQ:MVST) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10. The firm had revenue of $116.49 million for the quarter, compared to analyst estimates of $104.00 million. Microvast had a negative return on equity of 22.10% and a negative net margin of 30.88%. Equities research analysts forecast that Microvast Holdings, Inc. will post -0.3 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on MVST. Wall Street Zen upgraded shares of Microvast from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. HC Wainwright restated 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.