EHang (NASDAQ:EH) Shares Up 6.3%

EHang Holdings Limited (NASDAQ:EHGet Free Report) shares rose 6.3% during mid-day trading on Wednesday . The stock traded as high as $18.99 and last traded at $18.92. Approximately 809,558 shares were traded during trading, a decline of 30% from the average daily volume of 1,150,125 shares. The stock had previously closed at $17.80.

EHang Trading Up 6.1 %

The company has a market capitalization of $1.10 billion, a PE ratio of -26.77 and a beta of 1.04. The firm’s 50 day simple moving average is $12.94 and its 200-day simple moving average is $14.97. The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04.

Institutional Trading of EHang

A number of institutional investors and hedge funds have recently modified their holdings of EH. Tower Research Capital LLC TRC increased its holdings in shares of EHang by 290.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company’s stock worth $25,000 after acquiring an additional 1,028 shares during the period. Itau Unibanco Holding S.A. grew its position in EHang by 60.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company’s stock valued at $29,000 after buying an additional 725 shares in the last quarter. US Bancorp DE bought a new position in EHang in the 2nd quarter valued at about $37,000. Credit Suisse AG bought a new position in shares of EHang during the 2nd quarter valued at about $47,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of EHang in the second quarter worth approximately $93,000. 94.03% of the stock is owned by institutional investors and hedge funds.

EHang Company Profile

(Get Free Report)

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.

Further Reading

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