Shares of Microvast Holdings Inc (NASDAQ:MVST) dropped 6% on Thursday . The company traded as low as $8.94 and last traded at $8.97. Approximately 51,266 shares were traded during trading, a decline of 98% from the average daily volume of 2,324,786 shares. The stock had previously closed at $9.54.
Separately, Morgan Stanley initiated coverage on Microvast in a research note on Tuesday, August 3rd. They set an “underweight” rating and a $6.00 price target on the stock.
The business has a 50 day moving average of $10.15 and a two-hundred day moving average of $11.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.13 and a current ratio of 0.13.
Microvast Company Profile (NASDAQ:MVST)
Tuscan Holdings Corp. have entered into a definitive merger agreement with Microvast Inc
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