EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) shares traded up 7.9% during mid-day trading on Wednesday . The stock traded as high as $18.68 and last traded at $18.77. 1,383,625 shares traded hands during trading, a decline of 20% from the average session volume of 1,731,112 shares. The stock had previously closed at $17.39.
Wall Street Analyst Weigh In
EH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. began coverage on EHang in a report on Thursday, August 21st. They issued an "overweight" rating and a $26.00 price objective on the stock. Bank of America dropped their price target on EHang from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. According to data from MarketBeat, EHang presently has a consensus rating of "Buy" and an average target price of $26.08.
View Our Latest Stock Analysis on EH
EHang Trading Up 7.4%
The company has a debt-to-equity ratio of 0.06, a current ratio of 2.50 and a quick ratio of 2.32. The company's 50 day moving average is $17.43 and its two-hundred day moving average is $17.75. The firm has a market cap of $1.34 billion, a P/E ratio of -37.28 and a beta of 1.16.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EH. JPMorgan Chase & Co. increased its holdings in shares of EHang by 10.1% in the second quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company's stock valued at $127,000 after purchasing an additional 671 shares in the last quarter. Invesco Ltd. increased its holdings in shares of EHang by 3.8% in the first quarter. Invesco Ltd. now owns 41,317 shares of the company's stock valued at $863,000 after purchasing an additional 1,497 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of EHang by 171.7% in the second quarter. Legal & General Group Plc now owns 3,380 shares of the company's stock valued at $59,000 after purchasing an additional 2,136 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of EHang by 4.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company's stock valued at $1,529,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of EHang by 12.9% in the second quarter. Squarepoint Ops LLC now owns 44,378 shares of the company's stock valued at $770,000 after purchasing an additional 5,063 shares in the last quarter. 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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