EHang Sees Unusually High Options Volume (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH - Get Free Report) was the target of unusually large options trading activity on Friday. Investors purchased 13,613 put options on the company. This represents an increase of 104% compared to the typical daily volume of 6,662 put options.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. China Renaissance started coverage on EHang in a report on Tuesday, September 24th. They set a "buy" rating for the company. CICC Research initiated coverage on shares of EHang in a report on Thursday, January 2nd. They issued an "outperform" rating on the stock.

EHang Trading Down 1.5 %

NASDAQ EH traded down $0.22 during mid-day trading on Friday, reaching $14.48. 1,577,493 shares of the stock were exchanged, compared to its average volume of 1,797,134. EHang has a 1-year low of $9.51 and a 1-year high of $22.98. The stock has a market capitalization of $919.62 million, a PE ratio of -26.81 and a beta of 0.94. The business's fifty day simple moving average is $15.50 and its 200 day simple moving average is $14.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39.

Hedge Funds Weigh In On EHang

Several institutional investors and hedge funds have recently bought and sold shares of EH. State Street Corp raised its holdings in shares of EHang by 1.2% in the 3rd 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 period. Point72 Asset Management L.P. purchased a new position in EHang in the third quarter valued at approximately $104,000. Point72 Hong Kong Ltd acquired a new position in EHang during the third quarter valued at approximately $118,000. Verition Fund Management LLC purchased a new stake in EHang during the third quarter worth approximately $508,000. Finally, Quantbot Technologies LP increased its position 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 acquiring an additional 4,101 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

EHang Company Profile

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.