EHang (NASDAQ:EH) Shares Up 5%

Shares of EHang Holdings Limited (NASDAQ:EH) were up 5% during trading on Tuesday . The company traded as high as $12.60 and last traded at $12.47. Approximately 309,324 shares were traded during trading, a decline of 72% from the average daily volume of 1,117,767 shares. The stock had previously closed at $11.88.

Analysts Set New Price Targets

Separately, UBS Group started coverage on 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 Down 3.1 %

The firm has a 50 day moving average of $12.94 and a 200-day moving average of $15.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 1.99. The stock has a market capitalization of $759.53 million, a P/E ratio of -19.29 and a beta of 1.02.

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

Institutional Investors Weigh In On EHang

Institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake 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 purchasing an additional 1,103 shares in the last quarter. Jump Financial LLC acquired a new position in EHang in the fourth quarter valued at about $177,000. Aigen Investment Management LP bought a new stake in EHang during the fourth quarter worth about $180,000. Headlands Technologies LLC acquired a new position in EHang in the first quarter worth $228,000. Finally, XTX Topco Ltd bought a new stake in shares of EHang during the second quarter worth $383,000. 94.03% of the stock is 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.