Equities research analysts at CICC Research began coverage on shares of EHang (NASDAQ:EH - Get Free Report) in a research report issued on Thursday,Benzinga reports. The brokerage set an "outperform" rating on the stock.
Separately, China Renaissance started coverage on shares of EHang in a research report on Tuesday, September 24th. They set a "buy" rating for the company.
Check Out Our Latest Report on EHang
EHang Stock Down 0.4 %
EHang stock traded down $0.07 during midday trading on Thursday, hitting $15.67. 2,149,490 shares of the company were exchanged, compared to its average volume of 1,388,887. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. EHang has a fifty-two week low of $9.51 and a fifty-two week high of $22.98. The company's fifty day moving average price is $15.79 and its 200-day moving average price is $14.55. The company has a market cap of $995.14 million, a PE ratio of -29.02 and a beta of 0.94.
Institutional Trading of EHang
A number of large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP increased its stake in EHang by 78.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock valued at $132,000 after buying an additional 4,101 shares during the period. Point72 Asset Management L.P. acquired a new position in EHang during the third quarter worth $104,000. Point72 Hong Kong Ltd acquired a new position in shares of EHang during the 3rd quarter valued at about $118,000. State Street Corp raised its stake in shares of EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company's stock valued at $18,370,000 after acquiring an additional 15,781 shares in the last quarter. Finally, SteelPeak Wealth LLC lifted its holdings in EHang by 70.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company's stock worth $949,000 after purchasing an additional 27,805 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.
About EHang
(
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EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.
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