Cornerstone Investment Partners LLC Purchases Shares of 125,586 Microvast Holdings, Inc. (NASDAQ:MVST)

Cornerstone Investment Partners LLC purchased a new stake in Microvast Holdings, Inc. (NASDAQ:MVST) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 125,586 shares of the company’s stock, valued at approximately $176,000.

Several other large investors have also recently bought and sold shares of MVST. Prudential Financial Inc. bought a new position in Microvast in the 2nd quarter valued at $26,000. American Century Companies Inc. purchased a new position in shares of Microvast in the fourth quarter valued at about $30,000. Alliancebernstein L.P. purchased a new position in shares of Microvast in the third quarter valued at about $31,000. Aigen Investment Management LP purchased a new position in shares of Microvast in the third quarter valued at about $41,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Microvast during the 2nd quarter valued at about $42,000. 20.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MVST has been the topic of a number of research reports. Oppenheimer cut their target price on shares of Microvast from $8.00 to $4.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 2nd. Janney Montgomery Scott restated a “neutral” rating and issued a $3.00 price objective (down previously from $11.00) on shares of Microvast in a report 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 on the stock in a report on Wednesday, April 3rd.

Microvast Stock Up 1.4 %

MVST opened at $0.50 on Friday. Microvast Holdings, Inc. has a 1-year low of $0.45 and a 1-year high of $2.91. The firm’s 50 day simple moving average is $0.71 and its two-hundred day simple moving average is $1.05. The company has a current ratio of 1.05, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15.

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.