EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $24.96 and last traded at $24.58, with a volume of 3040611 shares traded. The stock had previously closed at $20.71.
Wall Street Analysts Forecast Growth
Separately, CICC Research began coverage on shares of EHang in a research note on Thursday, January 2nd. They issued an "outperform" rating on the stock.
Check Out Our Latest Stock Report on EHang
EHang Trading Down 1.0 %
The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The business's 50 day simple moving average is $16.52 and its 200 day simple moving average is $15.30.
Hedge Funds Weigh In On EHang
A number of institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC acquired a new stake in shares of EHang during the third quarter valued at about $508,000. Baader Bank Aktiengesellschaft increased its position in shares of EHang by 22.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock valued at $2,803,000 after acquiring an additional 33,000 shares during the last quarter. State Street Corp increased its position in shares of EHang by 1.2% during the third 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 during the last quarter. SteelPeak Wealth LLC grew its holdings in shares of EHang by 70.7% in the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company's stock valued at $949,000 after purchasing an additional 27,805 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of EHang by 78.2% in the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock valued at $132,000 after purchasing an additional 4,101 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.
About EHang
(
Get Free Report)
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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