Quantbot Technologies LP Invests $1.75 Million in Microvast Holdings, Inc. $MVST

Quantbot Technologies LP purchased a new stake in Microvast Holdings, Inc. (NASDAQ:MVST) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 453,211 shares of the company’s stock, valued at approximately $1,745,000. Quantbot Technologies LP owned 0.14% of Microvast as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Microvast by 13.3% in the third quarter. SG Americas Securities LLC now owns 34,563 shares of the company’s stock valued at $133,000 after acquiring an additional 4,060 shares during the period. Amalgamated Bank bought a new stake in shares of Microvast in the 2nd quarter worth approximately $25,000. SBI Securities Co. Ltd. boosted its position in Microvast by 11.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 77,976 shares of the company’s stock valued at $283,000 after purchasing an additional 7,987 shares during the period. Calamos Advisors LLC bought a new position in Microvast during the 2nd quarter worth $38,000. Finally, Tidal Investments LLC acquired a new stake in Microvast in the second quarter worth $41,000. Institutional investors and hedge funds own 20.72% of the company’s stock.

Insider Buying and Selling

In other Microvast news, Director Yixin Pan sold 12,596 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $2.76, for a total transaction of $34,764.96. Following the sale, the director directly owned 130,739 shares in the company, valued at approximately $360,839.64. The trade was a 8.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 44.80% of the company’s stock.

Analyst Ratings Changes

MVST has been the subject of several analyst reports. Wall Street Zen downgraded shares of Microvast from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvast in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $3.00.

Microvast Price Performance

Shares of MVST opened at $2.21 on Thursday. Microvast Holdings, Inc. has a one year low of $1.09 and a one year high of $7.12. The stock’s fifty day moving average is $2.70 and its 200-day moving average is $3.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.60 and a current ratio of 0.84. The firm has a market capitalization of $725.28 million, a price-to-earnings ratio of -4.09 and a beta of 3.39.

Microvast Company Profile

Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments.

Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.