Insider Selling: Microvast (NASDAQ:MVST) Director Sells 12,596 Shares of Stock

Microvast Holdings, Inc. (NASDAQ:MVST - Get Free Report) Director Yixin Pan sold 12,596 shares of the firm's stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $2.76, for a total transaction of $34,764.96. Following the completion of the sale, the director owned 130,739 shares of the company's stock, valued at $360,839.64. This trade represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.Microvast Stock Up 0.7%3 Penny Stocks Analysts Believe Are Headed HigherShares of NASDAQ:MVST traded up $0.02 during midday trading on Friday, reaching $2.99. The company's stock had a trading volume of 3,463,613 shares, compared to its average volume of 3,738,784. The company has a quick ratio of 0.60, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $3.33 and a 200-day moving average of $3.60. The firm has a market capitalization of $981.26 million, a P/E ratio of -5.54 and a beta of 3.37. Microvast Holdings, Inc. has a 12-month low of $1.09 and a 12-month high of $7.12. Microvast (NASDAQ:MVST - Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $123.29 million during the quarter, compared to analysts' expectations of $120.02 million. Microvast had a positive return on equity of 11.34% and a negative net margin of 28.81%. On average, research analysts anticipate that Microvast Holdings, Inc. will post -0.3 earnings per share for the current year. Analysts Set New Price TargetsMarketBeat Week in Review – 8/19 - 8/23A number of research analysts have weighed in on MVST shares. Wall Street Zen downgraded Microvast from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 21st. Weiss Ratings reissued a "sell (d-)" rating on shares of Microvast in a report on Monday, December 29th. Finally, Zacks Research cut shares of Microvast from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $3.00.Get Our Latest Report on MVSTInstitutional Investors Weigh In On MicrovastMicrovast vs. FREYR: Which Battery Stock Holds the Power?Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in shares of Microvast by 13.3% during the third quarter. SG Americas Securities LLC now owns 34,563 shares of the company's stock worth $133,000 after buying an additional 4,060 shares in the last quarter. Amalgamated Bank purchased a new stake in Microvast in the second quarter valued at approximately $25,000. SBI Securities Co. Ltd. boosted its stake in shares of Microvast by 11.4% during the second quarter. SBI Securities Co. Ltd. now owns 77,976 shares of the company's stock worth $283,000 after buying an additional 7,987 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Microvast in the 3rd quarter valued at approximately $32,000. Finally, NewEdge Advisors LLC purchased a new position in Microvast during the 3rd quarter worth $38,000. 20.72% of the stock is currently owned by hedge funds and other institutional investors. About Microvast (Get Free Report)Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments. Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.Read MoreFive stocks we like better than MicrovastNEW LAW: Congress Approves Setup For Digital Dollar?A month before the crashDo not delete, read immediatelyHow a Family Trust May Be Able To Help Preserve Your WealthIs a 93% win rate actually possible?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Microvast Right Now?Before you consider Microvast, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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