EHang Holdings Limited (NASDAQ:EH – Get Free Report)’s share price shot up 5.7% during mid-day trading on Wednesday . The company 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 Up 9.5 %
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 business’s 50 day moving average is $12.49 and its 200-day moving average is $14.93. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -29.39 and a beta of 0.94.
Institutional Investors Weigh In On EHang
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in EHang by 290.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company’s stock worth $25,000 after purchasing an additional 1,028 shares during the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of EHang by 60.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company’s stock worth $29,000 after buying an additional 725 shares during the last quarter. US Bancorp DE acquired a new stake in shares of EHang during the 2nd quarter worth approximately $37,000. Credit Suisse AG acquired a new stake in shares of EHang during the 2nd quarter worth approximately $47,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of EHang during the 3rd quarter worth approximately $85,000. 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.
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