EHang (NASDAQ:EH) Sees Strong Trading Volume

Shares of EHang Holdings Limited (NASDAQ:EH) saw unusually-strong trading volume on Thursday . Approximately 1,304,375 shares were traded during mid-day trading, an increase of 5% from the previous session’s volume of 1,245,737 shares.The stock last traded at $19.04 and had previously closed at $17.88.

Analysts Set New Price Targets

Separately, Morgan Stanley began coverage on shares of EHang in a report on Monday, May 6th. They set an “overweight” rating and a $27.50 price target for the company.

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 firm has a fifty day simple moving average of $17.81 and a two-hundred day simple moving average of $15.24.

EHang (NASDAQ:EH) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.16) earnings per share for the quarter. EHang had a negative net margin of 257.09% and a negative return on equity of 188.90%. The company had revenue of $7.97 million during the quarter. As a group, research analysts expect that EHang Holdings Limited will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On EHang

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of 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 during the last quarter. Vanguard Group Inc. raised its holdings in EHang by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock worth $32,166,000 after buying an additional 8,228 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of EHang in the first quarter worth approximately $484,000. Headlands Technologies LLC purchased a new stake in shares of EHang during the first quarter valued at approximately $228,000. Finally, GSA Capital Partners LLP increased its position in shares of EHang by 34.3% during the first quarter. GSA Capital Partners LLP now owns 48,370 shares of the company’s stock valued at $995,000 after acquiring an additional 12,355 shares in the last quarter. Institutional investors 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.