Microvast Holdings Inc (NASDAQ:MVST)’s stock price shot up 6.1% during mid-day trading on Thursday . The stock traded as high as $8.05 and last traded at $7.96. 21,602 shares traded hands during trading, a decline of 99% from the average session volume of 2,263,581 shares. The stock had previously closed at $7.50.
MVST has been the subject of several recent research reports. Zacks Investment Research lowered Microvast from a “hold” rating to a “sell” rating in a report on Wednesday, October 6th. Morgan Stanley initiated coverage on Microvast in a report on Tuesday, August 3rd. They set an “underweight” rating and a $6.00 target price on the stock.
The company has a fifty day simple moving average of $9.65 and a two-hundred day simple moving average of $10.96.
Microvast Company Profile (NASDAQ:MVST)
Tuscan Holdings Corp. have entered into a definitive merger agreement with Microvast Inc
Further Reading: Why does a company issue an IPO?
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