Shares of EHang Holdings Limited (NASDAQ:EH - Get Free Report) fell 7.6% during mid-day trading on Friday . The company traded as low as $20.46 and last traded at $20.51. 839,000 shares were traded during trading, a decline of 49% from the average session volume of 1,647,470 shares. The stock had previously closed at $22.19.
Analysts Set New Price Targets
Separately, CICC Research started coverage on EHang in a report on Thursday, January 2nd. They issued an "outperform" rating on the stock.
Read Our Latest Stock Report on EH
EHang Stock Performance
The firm has a market cap of $1.26 billion, a P/E ratio of -36.74 and a beta of 0.91. The stock's 50-day moving average price is $21.56 and its 200 day moving average price is $17.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25.
Hedge Funds Weigh In On EHang
A number of large investors have recently modified their holdings of EH. Mackenzie Financial Corp bought a new stake in EHang during the fourth quarter worth about $378,000. Lighthouse Investment Partners LLC bought a new stake in shares of EHang during the 4th quarter worth approximately $1,977,000. Cubist Systematic Strategies LLC boosted its holdings in shares of EHang by 151.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 110,855 shares of the company's stock valued at $1,745,000 after buying an additional 66,724 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of EHang in the fourth quarter valued at $428,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in EHang during the fourth quarter worth $369,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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