EHang (NASDAQ:EH) Shares Gap Down to $16.37

EHang Holdings Limited (NASDAQ:EH)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $16.37, but opened at $15.70. EHang shares last traded at $15.94, with a volume of 309,581 shares trading hands.

EHang Price Performance

The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.01 billion, a PE ratio of -24.73 and a beta of 1.04. The business’s 50 day moving average price is $14.57 and its 200-day moving average price is $15.06.

EHang (NASDAQ:EH) last posted its quarterly earnings data on Friday, March 15th. The company reported ($0.16) EPS for the quarter. The company had revenue of $7.97 million for the quarter. EHang had a negative net margin of 257.09% and a negative return on equity of 188.90%.

Hedge Funds Weigh In On EHang

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in EHang by 290.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company’s stock worth $25,000 after acquiring an additional 1,028 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in EHang by 60.0% in the second quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company’s stock worth $29,000 after purchasing an additional 725 shares in the last quarter. US Bancorp DE bought a new position in shares of EHang during the 2nd quarter worth approximately $37,000. Credit Suisse AG acquired a new stake in shares of EHang in the 2nd quarter valued at $47,000. Finally, Cubist Systematic Strategies LLC bought a new stake in EHang during the third quarter worth about $85,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

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.