EHang Holdings Limited (NASDAQ:EH - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $15.24, but opened at $15.73. EHang shares last traded at $16.09, with a volume of 383,485 shares changing hands.
Analysts Set New Price Targets
Several research analysts have commented on the company. China Renaissance began coverage on EHang in a research report on Tuesday, September 24th. They set a "buy" rating on the stock. UBS Group began coverage on shares of EHang in a research report on Wednesday, August 28th. They set a "buy" rating and a $22.00 target price on the stock.
Read Our Latest Report on EHang
EHang Stock Up 6.6 %
The business has a 50-day simple moving average of $15.88 and a two-hundred day simple moving average of $14.52. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -30.09 and a beta of 0.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39.
Institutional Trading of EHang
Several hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP raised its holdings 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 purchasing an additional 4,101 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in EHang during the 3rd quarter worth approximately $104,000. Point72 Hong Kong Ltd purchased a new position in shares of EHang during the 3rd quarter worth approximately $118,000. State Street Corp lifted its holdings in shares of EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company's stock valued at $18,370,000 after buying an additional 15,781 shares during the period. Finally, SteelPeak Wealth LLC boosted its stake in shares of EHang by 70.7% in the third 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 in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.
EHang Company Profile
(
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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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