EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s stock price fell 2.9% on Wednesday . The company traded as low as $23.17 and last traded at $23.98. 804,943 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 1,675,024 shares. The stock had previously closed at $24.68.
Wall Street Analysts Forecast Growth
Separately, CICC Research initiated coverage on EHang in a research report on Thursday, January 2nd. They set an "outperform" rating on the stock.
Check Out Our Latest Research Report on EH
EHang Stock Up 1.7 %
The company's 50-day moving average is $20.73 and its 200 day moving average is $17.19. The stock has a market capitalization of $1.46 billion, a PE ratio of -42.69 and a beta of 0.91. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.
Hedge Funds Weigh In On EHang
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of EHang in the fourth quarter valued at about $3,809,000. Lighthouse Investment Partners LLC acquired a new position in EHang in the 4th quarter worth approximately $1,977,000. Cubist Systematic Strategies LLC raised its position in EHang by 151.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 110,855 shares of the company's stock worth $1,745,000 after buying an additional 66,724 shares during the last quarter. Vanguard Group Inc. raised its position in EHang by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock worth $26,003,000 after buying an additional 56,652 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in EHang by 2,080.4% during the 4th quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock valued at $913,000 after acquiring an additional 55,318 shares during the period. Hedge funds and other institutional investors own 94.03% of the company's stock.
EHang Company Profile
(
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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