Shares of Hesai Group (NASDAQ:HSAI – Get Free Report) traded down 7.8% during mid-day trading on Tuesday . The company traded as low as $4.25 and last traded at $4.25. 255,751 shares changed hands during trading, a decline of 62% from the average session volume of 670,976 shares. The stock had previously closed at $4.61.
Hesai Group Trading Down 5.6 %
The firm has a 50-day simple moving average of $4.60 and a 200-day simple moving average of $4.83. The company has a current ratio of 3.33, a quick ratio of 2.84 and a debt-to-equity ratio of 0.09.
Hesai Group (NASDAQ:HSAI – Get Free Report) last issued its quarterly earnings data on Monday, May 20th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $49.74 million for the quarter. Hesai Group had a negative return on equity of 9.83% and a negative net margin of 25.68%. On average, analysts predict that Hesai Group will post -0.45 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Hesai Group
Hesai Group Company Profile
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.
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