EHang Holdings Limited (NASDAQ:EH - Get Free Report) was up 7% on Tuesday . The stock traded as high as $15.20 and last traded at $15.08. Approximately 893,827 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 1,584,312 shares. The stock had previously closed at $14.10.
Wall Street Analyst Weigh In
EH has been the topic of a number of recent analyst reports. China Renaissance started coverage on shares of EHang in a research note on Tuesday, September 24th. They issued a "buy" rating on the stock. CICC Research assumed coverage on EHang in a 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 company has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $14.62. The stock has a market capitalization of $949.41 million, a P/E ratio of -27.69 and a beta of 0.94.
Institutional Trading of EHang
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new position in EHang during the third quarter worth $508,000. State Street Corp lifted its position in EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company's stock valued at $18,370,000 after acquiring an additional 15,781 shares in the last quarter. XTX Topco Ltd acquired a new position in EHang during the 2nd quarter valued at about $383,000. SteelPeak Wealth LLC increased its holdings in EHang by 70.7% during the 3rd 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, Quantbot Technologies LP raised its stake in shares of EHang by 78.2% in the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock worth $132,000 after purchasing an additional 4,101 shares during the last quarter. 94.03% of the stock is owned by 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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