EHang (NASDAQ:EH) Trading Down 5.1% – What’s Next?

EHang Holdings Limited (NASDAQ:EH) shares were down 5.1% during trading on Thursday . The company traded as low as $16.76 and last traded at $16.80. Approximately 401,549 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 1,255,259 shares. The stock had previously closed at $17.70.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EH. China Renaissance began coverage on EHang in a research report on Tuesday, September 24th. They set a “buy” rating on the stock. UBS Group assumed coverage on shares of EHang in a research note on Wednesday, August 28th. They issued a “buy” rating and a $22.00 target price for the company.

EHang Price Performance

The company has a 50 day moving average price of $13.57 and a 200 day moving average price of $15.22. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.12 billion, a P/E ratio of -30.37 and a beta of 1.01.

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

Institutional Trading of EHang

Institutional investors have recently modified their holdings of the stock. Comerica Bank raised its position in shares of EHang by 685.1% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $26,000 after buying an additional 1,103 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of EHang during the 1st quarter worth $228,000. Russell Investments Group Ltd. bought a new stake in shares of EHang during the 1st quarter worth $484,000. Nomura Holdings Inc. acquired a new stake in EHang in the fourth quarter valued at about $396,000. Finally, XTX Topco Ltd acquired a new position in EHang during the second quarter worth about $383,000. 94.03% of the stock is currently owned by institutional investors.

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.