EHang Holdings Limited (NASDAQ:EH - Get Free Report) rose 6.1% during trading on Friday . The company traded as high as $19.40 and last traded at $19.31. Approximately 1,946,746 shares traded hands during trading, an increase of 19% from the average daily volume of 1,629,926 shares. The stock had previously closed at $18.20.
Wall Street Analysts Forecast Growth
Separately, CICC Research initiated coverage on shares of EHang in a report on Thursday, January 2nd. They set an "outperform" rating for the company.
Read Our Latest Stock Analysis on EH
EHang Trading Up 1.0 %
The company has a market cap of $1.32 billion, a price-to-earnings ratio of -38.35 and a beta of 0.94. 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's fifty day moving average price is $15.78 and its two-hundred day moving average price is $14.99.
Hedge Funds Weigh In On EHang
Several hedge funds have recently added to or reduced their stakes in EH. Vanguard Group Inc. increased its stake in shares of EHang by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock valued at $26,003,000 after acquiring an additional 56,652 shares during the last quarter. Verition Fund Management LLC acquired a new position in EHang during the third quarter valued at approximately $508,000. Baader Bank Aktiengesellschaft raised its holdings in EHang by 22.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock worth $2,803,000 after purchasing an additional 33,000 shares during the period. SteelPeak Wealth LLC boosted its position in shares of EHang by 70.7% during the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company's stock worth $949,000 after purchasing an additional 27,805 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of EHang in the 4th quarter valued at $431,000. Institutional investors own 94.03% of the company's stock.
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.
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