China Renaissance Begins Coverage on EHang (NASDAQ:EH)

China Renaissance began coverage on shares of EHang (NASDAQ:EH) in a report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating on the stock.

Separately, UBS Group assumed coverage on shares of EHang in a report on Wednesday, August 28th. They set a buy rating and a $22.00 price target on the stock.

EHang Price Performance

Shares of NASDAQ:EH opened at $13.85 on Tuesday. EHang has a twelve month low of $9.51 and a twelve month high of $25.78. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02. The company has a market cap of $879.61 million, a PE ratio of -22.34 and a beta of 1.02. The company’s 50 day moving average is $12.66 and its 200 day moving average is $15.20.

EHang (NASDAQ:EH) last issued its earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $14.04 million for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. During the same period in the previous year, the business posted ($0.18) earnings per share. On average, sell-side analysts forecast that EHang will post -0.41 EPS for the current year.

Institutional Trading of EHang

Several institutional investors have recently bought and sold shares of EH. Comerica Bank boosted its holdings in EHang by 685.1% in the 1st 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. Jump Financial LLC purchased a new stake in shares of EHang during the fourth quarter worth approximately $177,000. Aigen Investment Management LP acquired a new position in EHang in the 4th quarter valued at $180,000. Headlands Technologies LLC purchased a new position in EHang in the 1st quarter valued at $228,000. Finally, AdvisorShares Investments LLC acquired a new stake in EHang during the 4th quarter worth $388,000. 94.03% of the stock is owned by institutional investors and hedge funds.

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.