CICC Research Begins Coverage on EHang (NASDAQ:EH)

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

Separately, China Renaissance began coverage on EHang in a report on Tuesday, September 24th. They set a “buy” rating for the company.

EHang Trading Down 0.4 %

Shares of EHang stock opened at $15.67 on Thursday. The stock’s 50-day simple moving average is $15.79 and its 200 day simple moving average is $14.55. The stock has a market capitalization of $995.14 million, a P/E ratio of -29.02 and a beta of 0.94. EHang has a 52-week low of $9.51 and a 52-week high of $22.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39.

Institutional Trading of EHang

A number of hedge funds have recently made changes to their positions in EH. Point72 Asset Management L.P. bought a new stake in shares of EHang during the 3rd quarter valued at $104,000. Point72 Hong Kong Ltd bought a new stake in EHang in the 3rd quarter valued at $118,000. Quantbot Technologies LP lifted its position in shares of EHang by 78.2% in the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after buying an additional 4,101 shares in the last quarter. XTX Topco Ltd bought a new position in shares of EHang during the 2nd quarter valued at approximately $383,000. Finally, Verition Fund Management LLC bought a new position in EHang during the third quarter valued at $508,000. 94.03% of the stock is owned by 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.