EHang (NASDAQ:EH) Shares Gap Down – Should You Sell?

EHang Holdings Limited (NASDAQ:EH)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $24.12, but opened at $23.23. EHang shares last traded at $23.19, with a volume of 416,012 shares traded.

Analyst Ratings Changes

Separately, CICC Research assumed coverage on EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating for the company.

EHang Trading Up 1.7 %

The business has a 50 day simple moving average of $20.73 and a two-hundred day simple moving average of $17.13. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -42.69 and a beta of 0.91.

Institutional Investors Weigh In On EHang

A number of hedge funds have recently bought and sold shares of EH. Mackenzie Financial Corp acquired a new position in shares of EHang in the 4th quarter worth approximately $378,000. Lighthouse Investment Partners LLC acquired a new position in shares of EHang in the 4th quarter worth approximately $1,977,000. Cubist Systematic Strategies LLC grew its position in shares of EHang by 151.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 110,855 shares of the company’s stock worth $1,745,000 after acquiring an additional 66,724 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of EHang in the 4th quarter worth approximately $428,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of EHang in the 4th quarter worth approximately $369,000. 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.