XTX Topco Ltd Purchases New Position in Microvast Holdings, Inc. (NASDAQ:MVST)

XTX Topco Ltd purchased a new stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 174,454 shares of the company’s stock, valued at approximately $80,000. XTX Topco Ltd owned about 0.05% of Microvast at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MVST. Quadrature Capital Ltd raised its stake in Microvast by 799.1% in the fourth quarter. Quadrature Capital Ltd now owns 249,091 shares of the company’s stock worth $354,000 after buying an additional 221,388 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Microvast by 334.7% during the first quarter. GSA Capital Partners LLP now owns 1,097,071 shares of the company’s stock valued at $918,000 after purchasing an additional 844,698 shares in the last quarter. Vanguard Group Inc. lifted its stake in Microvast by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 9,690,219 shares of the company’s stock valued at $8,111,000 after acquiring an additional 164,702 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Microvast in the first quarter worth approximately $195,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Microvast by 16.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,358,374 shares of the company’s stock worth $3,648,000 after buying an additional 629,456 shares during the last quarter. 20.72% of the stock is owned by hedge funds and other institutional investors.

Microvast Price Performance

NASDAQ MVST opened at $0.23 on Wednesday. The company has a 50-day moving average price of $0.31 and a 200-day moving average price of $0.41. The company has a quick ratio of 0.71, a current ratio of 1.12 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $73.11 million, a P/E ratio of -0.72 and a beta of 1.71. Microvast Holdings, Inc. has a 52 week low of $0.18 and a 52 week high of $1.89.

Microvast (NASDAQ:MVST) last released its quarterly earnings results on Friday, August 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.17). The company had revenue of $83.68 million for the quarter, compared to the consensus estimate of $90.71 million. Microvast had a negative net margin of 44.02% and a negative return on equity of 28.29%. Equities research analysts anticipate that Microvast Holdings, Inc. will post -0.23 earnings per share for the current year.

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.