EHang (NASDAQ:EH) Trading 6.3% Higher

Shares of EHang Holdings Limited (NASDAQ:EH) rose 6.3% during mid-day trading on Wednesday . The company traded as high as $14.73 and last traded at $14.64. Approximately 512,859 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 1,202,104 shares. The stock had previously closed at $13.77.

Analyst Ratings Changes

Separately, Morgan Stanley started coverage on EHang in a research report on Monday, May 6th. They set an “overweight” rating and a $27.50 price target on the stock.

EHang Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.69 and a current ratio of 1.97. The stock has a 50 day moving average of $16.26 and a 200 day moving average of $15.08. The stock has a market capitalization of $913.91 million, a P/E ratio of -23.35 and a beta of 1.02.

EHang (NASDAQ:EH) last posted its earnings results on Monday, May 20th. The company reported ($0.14) EPS for the quarter. EHang had a negative return on equity of 145.90% and a negative net margin of 176.72%. The firm had revenue of $8.55 million during the quarter. Equities analysts predict that EHang Holdings Limited will post -0.41 EPS for the current year.

Hedge Funds Weigh In On EHang

Several large investors have recently bought and sold shares of the stock. Comerica Bank raised 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 acquiring an additional 1,103 shares in the last quarter. Jump Financial LLC acquired a new stake in EHang during the fourth quarter valued at approximately $177,000. Aigen Investment Management LP bought a new position in shares of EHang in the fourth quarter valued at $180,000. Headlands Technologies LLC acquired a new stake in shares of EHang during the 1st quarter valued at $228,000. Finally, Dfpg Investments LLC lifted its holdings in shares of EHang by 26.5% during the fourth quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock valued at $312,000 after purchasing an additional 4,205 shares during the last quarter. Institutional investors and hedge funds 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.