EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s share price rose 7.3% on Wednesday . The company traded as high as $22.35 and last traded at $22.65. Approximately 424,657 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 2,229,853 shares. The stock had previously closed at $21.11.
Wall Street Analyst Weigh In
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.
Get Our Latest Stock Analysis on EH
EHang Stock Performance
The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average is $19.17 and its two-hundred day moving average is $16.57. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -41.98 and a beta of 0.91.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Natixis purchased a new stake in EHang during the 4th quarter valued at about $25,000. Tower Research Capital LLC TRC grew its stake in EHang by 247.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock valued at $33,000 after acquiring an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of EHang in the 4th quarter valued at approximately $79,000. Point72 Asset Management L.P. purchased a new stake in shares of EHang in the 3rd quarter valued at approximately $104,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of EHang in the 3rd quarter valued at approximately $118,000. Institutional investors and hedge funds own 94.03% of the company's stock.
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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