EHang (NASDAQ:EH) Trading Down 4.4% – Should You Sell?

EHang Holdings Limited (NASDAQ:EH) shares traded down 4.4% during trading on Thursday . The company traded as low as $16.61 and last traded at $16.61. 362,064 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 1,322,941 shares. The stock had previously closed at $17.38.

Analyst Upgrades and Downgrades

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

EHang Stock Performance

The stock has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $14.96. The stock has a market cap of $1.08 billion, a P/E ratio of -29.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 2.12.

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

Hedge Funds Weigh In On EHang

A number of large investors have recently modified their holdings of EH. Axim Planning & Wealth lifted its position in EHang by 12.5% during the second quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock worth $63,742,000 after acquiring an additional 520,733 shares during the last quarter. Vanguard Group Inc. lifted its position in EHang by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock worth $32,166,000 after acquiring an additional 8,228 shares during the last quarter. SteelPeak Wealth LLC lifted its position in EHang by 70.7% during the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock worth $949,000 after acquiring an additional 27,805 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of EHang during the second quarter worth approximately $883,000. Finally, DNB Asset Management AS increased its holdings in shares of EHang by 24.9% during the second quarter. DNB Asset Management AS now owns 40,992 shares of the company’s stock worth $557,000 after purchasing an additional 8,174 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

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.