Shares of EHang Holdings Limited (NASDAQ:EH - Get Free Report) saw an uptick in trading volume on Friday . 1,524,115 shares traded hands during mid-day trading, an increase of 6% from the previous session's volume of 1,444,223 shares.The stock last traded at $16.86 and had previously closed at $15.99.
Wall Street Analysts Forecast Growth
Separately, CICC Research assumed coverage on shares of EHang in a research note on Thursday, January 2nd. They set an "outperform" rating for the company.
View Our Latest Analysis on EH
EHang Stock Up 3.8 %
The stock has a market capitalization of $1.05 billion, a PE ratio of -30.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The business's fifty day moving average price is $15.19 and its two-hundred day moving average price is $14.69.
Institutional Investors Weigh In On EHang
A number of large investors have recently made changes to their positions in the stock. Verition Fund Management LLC acquired a new position in EHang during the third quarter valued at $508,000. Baader Bank Aktiengesellschaft lifted its position in 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 purchasing an additional 33,000 shares during the period. SteelPeak Wealth LLC lifted its position in EHang by 70.7% during 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 period. State Street Corp lifted its position in 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 purchasing an additional 15,781 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of EHang in the third quarter worth about $118,000. 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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