EHang Holdings Limited (NASDAQ:EH - Get Free Report) shares dropped 5.3% during trading on Thursday . The stock traded as low as $18.20 and last traded at $18.31. Approximately 486,707 shares traded hands during trading, a decline of 59% from the average daily volume of 1,189,583 shares. The stock had previously closed at $19.34.
EHang Price Performance
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 company's 50 day moving average price is $14.05 and its 200 day moving average price is $15.10. The firm has a market capitalization of $1.08 billion, a P/E ratio of -26.53 and a beta of 1.04.
EHang (NASDAQ:EH - Get Free Report) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. EHang had a negative net margin of 257.09% and a negative return on equity of 188.90%. The business had revenue of $7.97 million during the quarter.
Institutional Investors Weigh In On EHang
Several hedge funds have recently bought and sold shares of EH. Tower Research Capital LLC TRC raised its holdings in shares of EHang by 290.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company's stock worth $25,000 after acquiring an additional 1,028 shares during the period. Itau Unibanco Holding S.A. raised its holdings in shares of EHang by 60.0% during the second 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 period. US Bancorp DE acquired a new stake in shares of EHang during the second quarter worth $37,000. Credit Suisse AG acquired a new stake in shares of EHang during the second quarter worth $47,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of EHang during the third quarter worth $85,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.
About EHang
(
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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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