EHang Holdings Limited (NASDAQ:EH - Get Free Report) shares dropped 3.6% during trading on Friday . The stock traded as low as $14.96 and last traded at $15.10. Approximately 710,492 shares changed hands during trading, a decline of 46% from the average daily volume of 1,306,342 shares. The stock had previously closed at $15.67.
Wall Street Analyst Weigh In
EH has been the topic of a number of recent research reports. CICC Research started coverage on shares of EHang in a research note on Thursday. They set an "outperform" rating on the stock. China Renaissance began coverage on shares of EHang in a research report on Tuesday, September 24th. They set a "buy" rating for the company.
Read Our Latest Research Report on EHang
EHang Trading Down 1.6 %
The business's fifty day simple moving average is $15.78 and its two-hundred day simple moving average is $14.56. 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 company has a market cap of $979.26 million, a price-to-earnings ratio of -28.56 and a beta of 0.94.
Hedge Funds Weigh In On EHang
A number of hedge funds have recently modified their holdings of EH. Verition Fund Management LLC purchased a new stake in EHang during the 3rd quarter valued at approximately $508,000. State Street Corp raised 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 worth $18,370,000 after purchasing an additional 15,781 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of EHang during the second quarter worth $383,000. SteelPeak Wealth LLC grew its position in EHang by 70.7% in the 3rd 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 last quarter. Finally, Quantbot Technologies LP increased its stake in EHang by 78.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock valued at $132,000 after buying an additional 4,101 shares during the period. 94.03% of the stock is currently owned by hedge funds and other 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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