EHang Holdings Limited (NASDAQ:EH - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $24.12, but opened at $23.23. EHang shares last traded at $23.19, with a volume of 416,012 shares changing hands.
Analysts Set New Price Targets
Separately, CICC Research initiated coverage on shares of EHang in a research report on Thursday, January 2nd. They set an "outperform" rating for the company.
Read Our Latest Analysis on EH
EHang Price Performance
The company has a 50-day moving average of $20.73 and a 200 day moving average of $17.19. 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 stock has a market capitalization of $1.45 billion, a PE ratio of -42.43 and a beta of 0.91.
Institutional Investors Weigh In On EHang
A number of large investors have recently modified their holdings of the business. Quantbot Technologies LP boosted its position in EHang by 78.2% during 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 during the last quarter. Verition Fund Management LLC acquired a new position in shares of EHang during the 3rd quarter worth approximately $508,000. Point72 Hong Kong Ltd purchased a new stake in shares of EHang in the third quarter valued at approximately $118,000. Point72 Asset Management L.P. purchased a new stake in shares of EHang in the third quarter valued at approximately $104,000. Finally, 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 worth $18,370,000 after buying an additional 15,781 shares in the last quarter. 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.
Further Reading
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