EHang (NASDAQ:EH) Research Coverage Started at CICC Research

CICC Research began coverage on shares of EHang (NASDAQ:EH) in a research report sent to investors on Thursday,Benzinga reports. The brokerage issued an outperform rating on the stock.

Separately, China Renaissance started coverage on shares of EHang in a report on Tuesday, September 24th. They issued a “buy” rating on the stock.

EHang Stock Down 1.6 %

EH opened at $15.42 on Thursday. EHang has a fifty-two week low of $9.51 and a fifty-two week high of $22.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The company’s 50-day moving average is $15.74 and its 200 day moving average is $14.57. The firm has a market capitalization of $979.26 million, a P/E ratio of -28.56 and a beta of 0.94.

Institutional Trading of EHang

A number of large investors have recently bought and sold shares of EH. Quantbot Technologies LP raised its holdings in EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after acquiring an additional 4,101 shares during the period. Point72 Asset Management L.P. purchased a new stake in EHang during the 3rd quarter worth about $104,000. Point72 Hong Kong Ltd bought a new position in EHang in the 3rd quarter worth about $118,000. State Street Corp grew its holdings in EHang by 1.2% during the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after buying an additional 15,781 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its position in shares of EHang by 70.7% during the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock valued at $949,000 after buying an additional 27,805 shares during the period. 94.03% of the stock is owned by hedge funds and other institutional investors.

About EHang

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.