EHang (NASDAQ:EH) Trading Up 11.1% – Here’s Why

by · The Markets Daily

Shares of EHang Holdings Limited (NASDAQ:EH – Get Free Report) shot up 11.1% during trading on Monday . The stock traded as high as $16.93 and last traded at $16.77. 2,044,386 shares changed hands during trading, an increase of 48% from the average session volume of 1,377,316 shares. The stock had previously closed at $15.09.

Wall Street Analysts Forecast Growth

EH has been the topic of a number of analyst reports. China Renaissance began coverage on shares of EHang in a research report on Tuesday, September 24th. They issued a “buy” rating on the stock. UBS Group started coverage on shares of EHang in a research note on Wednesday, August 28th. They set a “buy” rating and a $22.00 price objective on the stock.

View Our Latest Research Report on EHang

EHang Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The company has a market capitalization of $972.91 million, a PE ratio of -28.69 and a beta of 0.94. The company’s fifty day moving average is $16.34 and its 200-day moving average is $14.62.

Institutional Trading of EHang

A number of institutional investors and hedge funds have recently bought and sold shares of EH. Comerica Bank lifted its position in EHang by 685.1% in the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $26,000 after buying an additional 1,103 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of EHang in the 3rd quarter worth about $104,000. Point72 Hong Kong Ltd purchased a new position in shares of EHang during the 3rd quarter worth about $118,000. Quantbot Technologies LP boosted its stake in shares of EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after purchasing an additional 4,101 shares during the period. Finally, XTX Topco Ltd bought a new position in EHang during the 2nd quarter valued at about $383,000. 94.03% of the stock is currently owned by institutional investors.

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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