EHang Holdings Limited (NASDAQ:EH – Get Free Report) traded up 5.7% during mid-day trading on Wednesday . The stock traded as high as $18.68 and last traded at $18.40. 904,026 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 1,051,747 shares. The stock had previously closed at $17.40.
EHang Stock Performance
The company’s 50-day moving average price is $12.49 and its two-hundred day moving average price is $14.93. 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 stock has a market cap of $1.20 billion, a PE ratio of -29.39 and a beta of 0.94.
Hedge Funds Weigh In On EHang
A number of large investors have recently added to or reduced their stakes in EH. Tower Research Capital LLC TRC grew its holdings in EHang by 290.4% in the 3rd 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 last quarter. Itau Unibanco Holding S.A. grew its holdings in EHang by 60.0% in 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. US Bancorp DE bought a new stake in EHang in the 2nd quarter worth $37,000. Credit Suisse AG bought a new stake in EHang in the 2nd quarter worth $47,000. Finally, Cubist Systematic Strategies LLC bought a new stake in EHang in the 3rd quarter worth $85,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.
About EHang
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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