EHang Holdings Limited (NASDAQ:EH - Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors bought 22,454 put options on the company. This represents an increase of 150% compared to the average volume of 8,979 put options.
Analyst Upgrades and Downgrades
Separately, CICC Research initiated coverage on EHang in a research report on Thursday, January 2nd. They set an "outperform" rating for the company.
View Our Latest Stock Analysis on EH
EHang Trading Down 1.0 %
Shares of EH stock traded down $0.25 during mid-day trading on Friday, reaching $25.56. 4,856,868 shares of the company's stock traded hands, compared to its average volume of 1,498,738. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. EHang has a 12 month low of $9.90 and a 12 month high of $29.76. The firm has a 50 day moving average price of $16.52 and a two-hundred day moving average price of $15.30.
Hedge Funds Weigh In On EHang
Institutional investors have recently added to or reduced their stakes in the company. Natixis bought a new stake in shares of EHang in the 4th quarter valued at approximately $25,000. Tower Research Capital LLC TRC lifted its position in EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after buying an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in EHang during the fourth quarter worth $79,000. Point72 Asset Management L.P. purchased a new position in EHang during the third quarter worth $104,000. Finally, Point72 Hong Kong Ltd bought a new position in EHang during the third quarter valued at $118,000. Hedge funds and other 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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