EHang Holdings Limited (NASDAQ:EH - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 1,717,482 shares traded hands during trading, an increase of 14% from the previous session's volume of 1,512,198 shares.The stock last traded at $18.30 and had previously closed at $16.97.
Wall Street Analysts Forecast Growth
Separately, CICC Research assumed coverage on EHang in a research note on Thursday, January 2nd. They set an "outperform" rating for the company.
View Our Latest Stock Report on EHang
EHang Trading Up 0.5 %
The firm's 50 day simple moving average is $15.68 and its 200-day simple moving average is $14.94. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.30 billion, a PE ratio of -37.96 and a beta of 0.94.
Institutional Investors Weigh In On EHang
Several hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC acquired a new stake in EHang during the 3rd quarter valued at $508,000. Baader Bank Aktiengesellschaft grew its stake 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 in 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 worth $18,370,000 after acquiring an additional 15,781 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of EHang by 78.2% in the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock worth $132,000 after acquiring an additional 4,101 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its holdings in 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 during the last quarter. 94.03% of the stock is currently 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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