EHang (NASDAQ:EH) Shares Gap Up to $17.35

EHang Holdings Limited (NASDAQ:EH)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $17.35, but opened at $18.10. EHang shares last traded at $17.90, with a volume of 360,776 shares trading hands.

EHang Trading Up 4.1 %

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 company’s fifty day moving average is $15.45 and its two-hundred day moving average is $15.10. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -25.99 and a beta of 1.04.

EHang (NASDAQ:EH) last issued its earnings results on Friday, March 15th. The company reported ($0.16) EPS for the quarter. The company had revenue of $7.97 million during the quarter. EHang had a negative return on equity of 188.90% and a negative net margin of 257.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Axim Planning & Wealth lifted its stake in EHang by 19.5% during the 3rd quarter. Axim Planning & Wealth now owns 3,746,916 shares of the company’s stock worth $67,519,000 after acquiring an additional 610,568 shares in the last quarter. Carmignac Gestion grew its holdings in shares of EHang by 24.2% in the third quarter. Carmignac Gestion now owns 1,869,210 shares of the company’s stock valued at $33,539,000 after purchasing an additional 363,962 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in EHang during the 3rd quarter worth approximately $1,789,000. Lansdowne Partners UK LLP acquired a new position in shares of EHang in the third quarter worth $800,000. Finally, Quadrature Capital Ltd raised its stake in shares of EHang by 187.3% in the third quarter. Quadrature Capital Ltd now owns 55,198 shares of the company’s stock valued at $997,000 after acquiring an additional 35,983 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

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.