XTX Topco Ltd Sells 35,243 Shares of Microvast Holdings, Inc. (NASDAQ:MVST)

XTX Topco Ltd trimmed its position in Microvast Holdings, Inc. (NASDAQ:MVST) by 29.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,823 shares of the company’s stock after selling 35,243 shares during the period. XTX Topco Ltd’s holdings in Microvast were worth $98,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of Microvast during the 4th quarter worth $25,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Microvast during the 4th quarter worth $73,000. FNY Investment Advisers LLC bought a new stake in shares of Microvast during the 1st quarter worth $45,000. SBI Securities Co. Ltd. lifted its holdings in shares of Microvast by 351.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 69,989 shares of the company’s stock worth $82,000 after acquiring an additional 54,496 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Microvast by 193.9% during the 4th quarter. Bank of America Corp DE now owns 112,754 shares of the company’s stock worth $233,000 after acquiring an additional 74,393 shares during the last quarter. 20.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Microvast from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd.

Microvast Price Performance

Shares of NASDAQ MVST opened at $2.84 on Friday. Microvast Holdings, Inc. has a 1 year low of $0.15 and a 1 year high of $4.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.94. The company’s 50-day moving average is $3.48 and its 200 day moving average is $2.56. The stock has a market capitalization of $923.99 million, a P/E ratio of -5.57 and a beta of 3.02.

Microvast (NASDAQ:MVST) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $91.34 million for the quarter, compared to analysts’ expectations of $106.79 million. Microvast had a negative net margin of 26.82% and a positive return on equity of 10.32%. On average, sell-side analysts expect that Microvast Holdings, Inc. will post -0.3 earnings per share for the current year.

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.