Microvast Holdings, Inc. (NASDAQ:MVST – Get Rating) shares traded down 9.8% on Tuesday . The company traded as low as $3.78 and last traded at $3.78. 29,944 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,078,652 shares. The stock had previously closed at $4.19.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Microvast from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Morgan Stanley dropped their price target on Microvast from $6.00 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, April 1st.
The company has a current ratio of 4.02, a quick ratio of 3.72 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $6.30 and a two-hundred day simple moving average of $6.78.
Microvast Company Profile (NASDAQ:MVST)
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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