EHang (NASDAQ:EH) Sees Strong Trading Volume

EHang Holdings Limited (NASDAQ:EH) shares saw unusually-strong trading volume on Wednesday . Approximately 656,901 shares traded hands during mid-day trading, a decline of 42% from the previous session’s volume of 1,137,229 shares.The stock last traded at $11.85 and had previously closed at $13.64.

Analysts Set New Price Targets

Separately, UBS Group started coverage on shares of EHang in a research note on Wednesday, August 28th. They set a “buy” rating and a $22.00 price target for the company.

EHang Stock Performance

The company’s 50-day simple moving average is $13.43 and its 200-day simple moving average is $15.08. The stock has a market cap of $761.48 million, a price-to-earnings ratio of -19.00 and a beta of 1.01. The company has a quick ratio of 1.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.02.

EHang (NASDAQ:EH) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $14.04 million for the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. During the same quarter last year, the company earned ($0.18) EPS. Analysts predict that EHang Holdings Limited will post -0.41 EPS for the current fiscal year.

Institutional Trading of EHang

A number of hedge funds have recently modified their holdings of the stock. Jump Financial LLC bought a new stake in shares of EHang during the 4th quarter worth approximately $177,000. Aigen Investment Management LP acquired a new stake in shares of EHang in the 4th quarter valued at $180,000. Carmignac Gestion boosted its holdings in shares of EHang by 1.3% in the 4th quarter. Carmignac Gestion now owns 1,893,323 shares of the company’s stock valued at $31,813,000 after purchasing an additional 24,113 shares in the last quarter. AdvisorShares Investments LLC bought a new position in shares of EHang in the 4th quarter valued at $388,000. Finally, Quadrature Capital Ltd lifted its position in shares of EHang by 39.4% during the 4th quarter. Quadrature Capital Ltd now owns 76,970 shares of the company’s stock worth $1,294,000 after buying an additional 21,772 shares during the last quarter. 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.