Mirae Asset Global Investments Co. Ltd. Has $5.22 Million Position in Microvast Holdings, Inc. (NASDAQ:MVST)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Microvast Holdings, Inc. (NASDAQ:MVST) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,728,918 shares of the company’s stock after selling 321,372 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.18% of Microvast worth $5,220,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new stake in Microvast during the second quarter worth about $26,000. American Century Companies Inc. bought a new position in Microvast during the fourth quarter worth about $30,000. Alliancebernstein L.P. bought a new position in Microvast during the third quarter worth about $31,000. Aigen Investment Management LP bought a new position in Microvast during the third quarter worth about $41,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Microvast during the second quarter worth about $42,000. 20.72% of the stock is owned by institutional investors and hedge funds.

Microvast Stock Performance

NASDAQ:MVST opened at $0.49 on Tuesday. Microvast Holdings, Inc. has a 1 year low of $0.45 and a 1 year high of $2.91. The firm has a 50 day moving average of $0.74 and a 200-day moving average of $1.08. The company has a current ratio of 1.05, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15.

Analyst Ratings Changes

A number of research analysts have commented on MVST shares. Oppenheimer cut their price target on shares of Microvast from $8.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, April 2nd. Janney Montgomery Scott restated a “neutral” rating and set a $3.00 price target (down previously from $11.00) on shares of Microvast in a research note on Tuesday, April 2nd. Finally, HC Wainwright cut their price target on shares of Microvast from $8.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd.

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.