EHang Holdings Limited (NASDAQ:EH - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $20.50, but opened at $19.71. EHang shares last traded at $19.96, with a volume of 520,543 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, CICC Research assumed coverage on shares of EHang in a research note on Thursday, January 2nd. They issued an "outperform" rating for the company.
Read Our Latest Stock Report on EHang
EHang Price Performance
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 stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -47.21 and a beta of 0.94. The stock's 50 day simple moving average is $16.31 and its 200-day simple moving average is $15.19.
Institutional Trading of EHang
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of EHang by 3.6% in the fourth 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. State Street Corp increased 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 worth $18,370,000 after acquiring an additional 15,781 shares during the period. Norges Bank bought a new position in EHang during the fourth quarter worth $3,809,000. Baader Bank Aktiengesellschaft increased its position in EHang by 22.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock worth $2,803,000 after acquiring an additional 33,000 shares during the period. Finally, Marshall Wace LLP increased its position in EHang by 20.9% during the fourth quarter. Marshall Wace LLP now owns 101,966 shares of the company's stock worth $1,605,000 after acquiring an additional 17,614 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.
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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