State Street Corp Has $204,000 Stock Position in Microvast Holdings, Inc. (NASDAQ:MVST)

State Street Corp reduced its stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 819,004 shares of the company’s stock after selling 74,000 shares during the period. State Street Corp’s holdings in Microvast were worth $204,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Microvast during the 2nd quarter worth approximately $80,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Microvast during the 2nd quarter worth approximately $141,000. AQR Capital Management LLC raised its holdings in Microvast by 569.1% during the 2nd quarter. AQR Capital Management LLC now owns 109,139 shares of the company’s stock worth $50,000 after buying an additional 92,828 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Microvast during the 2nd quarter worth approximately $264,000. Finally, Point72 DIFC Ltd acquired a new stake in Microvast during the 2nd quarter worth approximately $28,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Microvast in a report on Monday, November 18th.

Microvast Price Performance

Shares of MVST opened at $2.39 on Friday. The stock has a market capitalization of $773.92 million, a P/E ratio of -6.29 and a beta of 2.54. Microvast Holdings, Inc. has a twelve month low of $0.15 and a twelve month high of $2.86. The company has a 50 day moving average of $1.06 and a 200-day moving average of $0.58. 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 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.