EHang (NASDAQ:EH) Shares Up 5.3%

EHang Holdings Limited (NASDAQ:EH)’s share price shot up 5.3% during trading on Thursday . The stock traded as high as $18.40 and last traded at $18.22. 683,144 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 1,226,930 shares. The stock had previously closed at $17.31.

EHang Stock 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 fifty day simple moving average of $14.86 and a 200 day simple moving average of $15.08.

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

Institutional Trading of EHang

Hedge funds have recently bought and sold shares of the company. Axim Planning & Wealth increased its position in EHang by 4.1% during the fourth quarter. Axim Planning & Wealth now owns 3,902,410 shares of the company’s stock valued at $65,560,000 after acquiring an additional 155,494 shares during the last quarter. DNB Asset Management AS bought a new stake in EHang during the fourth quarter valued at about $605,000. Carmignac Gestion grew its holdings in EHang by 24.2% during the third quarter. Carmignac Gestion now owns 1,869,210 shares of the company’s stock valued at $33,539,000 after purchasing an additional 363,962 shares during the period. Vanguard Group Inc. grew its holdings in EHang by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,549,512 shares of the company’s stock valued at $27,922,000 after purchasing an additional 24,121 shares during the period. Finally, Dfpg Investments LLC grew its holdings in EHang by 26.5% during the fourth quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock valued at $312,000 after purchasing an additional 4,205 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

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.