Cookson Peirce & Co. Inc. Makes New Investment in Microvast Holdings, Inc. $MVST

Cookson Peirce & Co. Inc. purchased a new position in Microvast Holdings, Inc. (NASDAQ:MVST) in the second quarter, HoldingsChannel reports. The firm purchased 258,375 shares of the company’s stock, valued at approximately $938,000.

Other hedge funds have also modified their holdings of the company. Baader Bank Aktiengesellschaft bought a new position in shares of Microvast in the first quarter worth approximately $44,000. Rathbones Group PLC bought a new position in shares of Microvast during the first quarter worth $53,000. Deutsche Bank AG bought a new position in shares of Microvast during the first quarter worth $58,000. SBI Securities Co. Ltd. boosted its position in shares of Microvast by 351.7% during the first 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, Virtu Financial LLC bought a new position in shares of Microvast during the first quarter worth $120,000. 20.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Microvast in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Microvast from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Zacks Research lowered shares of Microvast from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.00.

Microvast Price Performance

Microvast stock opened at $5.35 on Thursday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -10.49 and a beta of 3.22. The firm’s fifty day moving average is $3.73 and its 200 day moving average is $3.28. The company has a quick ratio of 0.56, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Microvast Holdings, Inc. has a 52-week low of $0.15 and a 52-week high of $7.12.

Microvast (NASDAQ:MVST) last released its quarterly earnings results on Monday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $91.34 million for the quarter, compared to the consensus estimate of $106.79 million. Microvast had a negative net margin of 26.82% and a positive return on equity of 10.32%. Microvast has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Microvast Holdings, Inc. will post -0.3 EPS for the current fiscal 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.