IMG Wealth Management Inc. Takes $38,000 Position in Microvast Holdings, Inc. (NASDAQ:MVST)

IMG Wealth Management Inc. acquired a new stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 18,264 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently modified their holdings of the business. Wealthfront Advisers LLC bought a new stake in shares of Microvast during the 4th quarter valued at $135,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Microvast during the 4th quarter valued at $229,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Microvast during the 4th quarter valued at $32,000. Institutional investors own 20.72% of the company’s stock.

Analyst Ratings Changes

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

Microvast Trading Down 2.0 %

Shares of Microvast stock opened at $1.45 on Tuesday. The company has a market capitalization of $469.64 million, a P/E ratio of -3.82 and a beta of 2.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.30. The company has a fifty day moving average of $1.81 and a 200 day moving average of $1.10. Microvast Holdings, Inc. has a fifty-two week low of $0.15 and a fifty-two week high of $2.87.

About Microvast

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.