EHang Holdings Limited (NASDAQ:EH - Get Free Report) shares saw strong trading volume on Friday . 898,416 shares were traded during trading, a decline of 35% from the previous session's volume of 1,380,726 shares.The stock last traded at $16.33 and had previously closed at $16.25.
Analyst Upgrades and Downgrades
Separately, China Renaissance started coverage on EHang in a report on Tuesday, September 24th. They issued a "buy" rating on the stock.
Read Our Latest Report on EHang
EHang Trading Down 1.4 %
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 firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -29.69 and a beta of 0.94. The firm's 50 day moving average is $15.87 and its 200 day moving average is $14.53.
Institutional Trading of EHang
A number of hedge funds have recently made changes to their positions in EH. Verition Fund Management LLC purchased a new stake in shares of EHang during the third quarter worth $508,000. State Street Corp raised its stake in shares of EHang by 1.2% during the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company's stock worth $18,370,000 after purchasing an additional 15,781 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of EHang during the 2nd quarter valued at about $383,000. SteelPeak Wealth LLC lifted its holdings in shares of EHang by 70.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company's stock valued at $949,000 after buying an additional 27,805 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in 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 buying an additional 4,101 shares during 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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