IMG Wealth Management Inc. Buys Shares of 18,264 Microvast Holdings, Inc. (NASDAQ:MVST)

IMG Wealth Management Inc. purchased a new stake in shares of Microvast Holdings, Inc. (NASDAQ:MVST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,264 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MVST. SBI Securities Co. Ltd. bought a new stake in shares of Microvast during the fourth quarter valued at approximately $32,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Microvast during the fourth quarter valued at approximately $229,000. Finally, Wealthfront Advisers LLC bought a new stake in shares of Microvast during the fourth quarter valued at approximately $135,000. Institutional investors own 20.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Microvast Price Performance

Shares of MVST opened at $1.45 on Tuesday. The firm has a market cap of $469.64 million, a PE ratio of -3.82 and a beta of 2.20. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $1.81 and a two-hundred day simple moving average of $1.10. Microvast Holdings, Inc. has a 1-year low of $0.15 and a 1-year 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.