EHang Holdings Limited (NASDAQ:EH - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $17.38, but opened at $18.09. EHang shares last traded at $18.74, with a volume of 1,167,395 shares changing hands.
Wall Street Analyst Weigh In
Separately, Morgan Stanley began coverage on shares of EHang in a research note on Monday. They issued an "overweight" rating and a $27.50 price objective on the stock.
Read Our Latest Research Report on EH
EHang Trading Up 7.6 %
The firm's 50-day moving average price is $16.53 and its 200-day moving average price is $15.04. The company has a market cap of $1.19 billion, a P/E ratio of -26.71 and a beta of 1.09. The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04.
EHang (NASDAQ:EH - Get Free Report) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.16) EPS for the quarter. EHang had a negative return on equity of 188.90% and a negative net margin of 257.09%. The company had revenue of $7.97 million during the quarter.
Institutional Investors Weigh In On EHang
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EH. Jump Financial LLC bought a new position in EHang in the 4th quarter worth $177,000. Aigen Investment Management LP bought a new position in shares of EHang in the 4th quarter worth about $180,000. Dfpg Investments LLC increased its stake in shares of EHang by 26.5% in the 4th quarter. Dfpg Investments LLC now owns 20,073 shares of the company's stock worth $312,000 after acquiring an additional 4,205 shares in the last quarter. AdvisorShares Investments LLC bought a new position in shares of EHang in the 4th quarter worth about $388,000. Finally, Nomura Holdings Inc. bought a new position in shares of EHang in the 4th quarter worth about $396,000. 94.03% of the stock is currently 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.
Further Reading
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