EHang Holdings Limited (NASDAQ:EH - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $19.36, but opened at $20.74. EHang shares last traded at $21.12, with a volume of 1,434,394 shares traded.
EHang Stock Up 4.9 %
The company has a debt-to-equity ratio of 0.04, a current ratio of 1.81 and a quick ratio of 1.57. The firm has a market capitalization of $1.18 billion, a P/E ratio of -29.90 and a beta of 1.04. The company's 50-day simple moving average is $13.35 and its two-hundred day simple moving average is $15.01.
EHang (NASDAQ:EH - Get Free Report) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.16) earnings per share for the quarter. EHang had a negative return on equity of 188.90% and a negative net margin of 257.09%. The business had revenue of $7.97 million during the quarter.
Institutional Trading of EHang
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. increased its stake in shares of EHang by 60.0% in the second quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company's stock worth $29,000 after purchasing an additional 725 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in EHang by 290.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company's stock valued at $25,000 after acquiring an additional 1,028 shares in the last quarter. Geode Capital Management LLC grew its stake in EHang by 6.7% during the first quarter. Geode Capital Management LLC now owns 18,331 shares of the company's stock valued at $200,000 after acquiring an additional 1,145 shares in the last quarter. Invesco Ltd. grew its stake in EHang by 4.1% during the third quarter. Invesco Ltd. now owns 35,318 shares of the company's stock valued at $636,000 after acquiring an additional 1,397 shares in the last quarter. Finally, US Bancorp DE purchased a new position in EHang during the second quarter valued at $37,000. 94.03% of the stock is owned by hedge funds and other 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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