EHang Holdings Limited (NASDAQ:EH - Get Free Report) was up 4.7% during trading on Tuesday . The company traded as high as $16.98 and last traded at $16.39. Approximately 799,193 shares were traded during trading, a decline of 42% from the average daily volume of 1,383,882 shares. The stock had previously closed at $15.66.
Analyst Ratings Changes
Separately, China Renaissance initiated coverage on shares of EHang in a report on Tuesday, September 24th. They set a "buy" rating on the stock.
View Our Latest Analysis on EH
EHang Stock Up 0.6 %
The firm has a market capitalization of $999.58 million, a P/E ratio of -29.15 and a beta of 0.94. The firm's 50 day moving average is $15.81 and its two-hundred day moving average is $14.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25.
Institutional Trading of EHang
Institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in EHang during the third quarter worth approximately $104,000. Point72 Hong Kong Ltd bought a new stake in shares of EHang during the 3rd quarter valued at $118,000. Quantbot Technologies LP grew its holdings in shares of EHang by 78.2% during the 3rd 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. XTX Topco Ltd bought a new position in shares of EHang in the second quarter worth $383,000. Finally, Verition Fund Management LLC acquired a new position in EHang in the third quarter valued at about $508,000. 94.03% of the stock is currently owned by institutional investors.
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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