EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $25.81, but opened at $27.38. EHang shares last traded at $25.95, with a volume of 2,185,254 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, CICC Research started coverage on shares of EHang in a research note on Thursday, January 2nd. They set an "outperform" rating for the company.
Get Our Latest Analysis on EH
EHang Stock Up 3.1 %
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 company has a 50-day simple moving average of $16.92 and a 200-day simple moving average of $15.52. The firm has a market cap of $1.67 billion, a PE ratio of -48.78 and a beta of 0.94.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC purchased a new stake in EHang in the 3rd quarter valued at about $508,000. Baader Bank Aktiengesellschaft lifted its holdings in shares of EHang by 22.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock worth $2,803,000 after buying an additional 33,000 shares during the period. State Street Corp increased its stake in shares of 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 buying an additional 15,781 shares during the period. SteelPeak Wealth LLC increased its stake in shares of 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 buying an additional 27,805 shares during the period. Finally, Quantbot Technologies LP lifted its stake in EHang by 78.2% in 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 period. 94.03% of the stock is currently owned by institutional investors.
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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