EHang (NASDAQ:EH) Shares Up 5.3%

EHang Holdings Limited (NASDAQ:EH - Get Free Report) shot up 5.3% on Thursday . The stock traded as high as $18.40 and last traded at $18.22. 683,144 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 1,226,930 shares. The stock had previously closed at $17.31.

EHang Price Performance

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -26.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.81. The company has a fifty day simple moving average of $14.57 and a two-hundred day simple moving average of $15.06.

EHang (NASDAQ:EH - Get Free Report) last posted 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 business had revenue of $7.97 million for the quarter.

Institutional Investors Weigh In On EHang

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. grew its position in EHang by 60.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company's stock worth $29,000 after acquiring an additional 725 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of EHang by 290.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company's stock valued at $25,000 after buying an additional 1,028 shares during the last quarter. Geode Capital Management LLC grew its position in shares of EHang by 6.7% in the 1st quarter. Geode Capital Management LLC now owns 18,331 shares of the company's stock valued at $200,000 after buying an additional 1,145 shares during the last quarter. Invesco Ltd. grew its position in shares of EHang by 4.1% in the 3rd quarter. Invesco Ltd. now owns 35,318 shares of the company's stock valued at $636,000 after buying an additional 1,397 shares during the last quarter. Finally, US Bancorp DE bought a new stake in shares of EHang in the 2nd quarter valued at about $37,000. Institutional investors 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.