EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s share price fell 4.9% on Monday . The company traded as low as $14.51 and last traded at $14.59. 776,187 shares were traded during mid-day trading, a decline of 43% from the average session volume of 1,369,130 shares. The stock had previously closed at $15.34.
Analyst Upgrades and Downgrades
EH has been the subject of several research reports. China Renaissance initiated coverage on EHang in a research report on Tuesday, September 24th. They set a "buy" rating for the company. UBS Group started coverage on shares of EHang in a report on Wednesday, August 28th. They set a "buy" rating and a $22.00 target price for the company.
Get Our Latest Stock Analysis on EHang
EHang Trading Down 6.3 %
The company's 50 day simple moving average is $16.32 and its two-hundred day simple moving average is $14.60. The company has a market cap of $913.22 million, a PE ratio of -28.41 and a beta of 0.94. 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 Investors Weigh In On EHang
Several large investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in shares of EHang by 685.1% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $26,000 after buying an additional 1,103 shares during the period. Point72 Asset Management L.P. acquired a new stake in EHang in the third quarter valued at approximately $104,000. Point72 Hong Kong Ltd purchased a new position in EHang in the third quarter worth approximately $118,000. Quantbot Technologies LP grew its holdings in 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 acquiring an additional 4,101 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of EHang in the 2nd quarter valued at approximately $383,000. 94.03% of the stock is 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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